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Nifty

Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 22041 with a gain of 130 points. On the daily chart the index has formed a Doji candlestick formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 22070 level it would witness buying which would lead the index towards 22150-22200 levels. Important Supports for the day is around 21960 However if index sustains below 21960 then it may witness profit booking which would take the index towards 21900-21800 levels.

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785