Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 25357 with a loss of 32 points. On the daily chart index has formed a bearish candle however it remained restricted within previous session's High-Low range indicating absence of strength on eitherside. The chart pattern suggests that if Nifty breaks and sustains below 25290 level it would witness selling which would lead the index towards 25200-25100 levels. However if index crosses above 25450 level it would witness pullback rally which would take the index towards 25500-25600.
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