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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 22097 with a gain of 203 points. On the daily chart the index has formed a small Bullish candle carrying long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 22120 level it would witness buying which would lead the index towards 22200-22270 levels. Important Supports for the day is around 21950 However if index sustains below 21950 then it may witness profit booking which would take the index towards 21850-21800 levels.
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