Nifty opened with an upward gap and witnessed some profit booking in initial hour - Jainam Share Consultants
Nifty
Nifty opened with an upward gap and witnessed some profit booking in initial hour. In second half index remained lackluster within 23350-23300 levels throughout the session. Nifty closed at 23345 with a gain of 516 points. On the daily chart the index has formed a Bearish candle with long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 23400 level it would witness buying which would lead the index towards 23350-23450 levels. Important Supports for the day is around 23150 However if index sustains below 23150 then it may witness profit booking which would take the index towards 23200-23000 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
