Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day's low - Jainam Broking Ltd
Nifty
Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day's low. Nifty closed at 23854 with a gain of 231 points. On the daily chart index has formed a bearish candle forming higher High-Low compare to previous session and has closed above previous many session's high indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 24000 level it would witness buying which would lead the index towards 24100-24200 levels. Important Supports for the day is around 23800 However if index sustains below 23800 then it may witness profit booking which would take the index towards 23700-23600 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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