Nifty opened with an upward gap and witnessed consolidation for most part of the session - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and witnessed consolidation for most part of the session. However last hour selling dragged index lower to close near the day's low. Nifty closed at 22213 with a loss of 5 points. On the daily chart index has formed a small bearish candle representing resistance at higher levels. The chart pattern suggests that if Nifty crosses and sustains above 22300 level it would witness buying which would lead the index towards 22350-22400 levels. Important Supports for the day is around 22180 However if index sustains below 22180 then it may witness profit booking which would take the index towards 22120-21900 levels.
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