Nifty opened with an upward gap and traded with extreme volatility on either side but able to close in a positive territory - Jainam Share Consultants
NIFTY TECHNICAL VIEW
Nifty opened with an upward gap and traded with extreme volatility on either side but able to close in a positive territory. . Niftyclosedat24834 with a gain of 81 points. This extreme volatile movement resulted in “Long legged” bullish candle carrying lower High-Lowcomparetoprevious session indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 24900 level it would witnessbuyingwhich would lead the index towards 25000-25200 levels. Important Supports for the day is around 24670 However if index sustainsbelow24670 then it may witness profit booking which would take the index towards 24600-24500 levels.
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
Tag News
MOSt Market Roundup : In contrast, the Nifty Realty, Defense, and Metal indices fell over 1%...
More News
Nifty opened with an upward gap and strong buying momentum from the opening tick led it to e...
