Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day

18-09-2023 10:04 AM | Source: Jainam Share Consultants

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 20192 with a gain of 89 points. On the daily chart the index has formed a small Bullish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty breaks and sustains below 20130 level it would witness selling which would lead the index towards 20050-20000 levels. However if index crosses above 20222 level it would witness pullback rally which would take the index towards 20280-20320

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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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