Nifty opened with an upward gap and witnessed extreme volatility throughout the day - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and witnessed extreme volatility throughout the day. Nifty closed at 22371 with a gain of 224 points. On the daily chart the index has formed a "Doji" candlestick formation indicating indec isiveness among st mar ket participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 22400 level it would witness buying which would lead the index towards 22500-22600 levels. Important Supports for the day is around 22150 However if index sustains below 22150 then it may witness profit booking which would take the index towards 22050-22000 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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