Nifty Opens Higher, Trades in Narrow Range - Jainam
Nifty
Nifty opened with an upward gap and remained lac k luster within na rrow trading range throughout the day. Nifty closed at 24176 with a gain of 85 points. On the daily chart index has formed a small bullish candle carrying lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 24200 level it would witness buying which would lead the index towards 24300-24400 levels. Important Supports for the day is around 24070 However if index sustains below 24070 then it may witness profit booking which would take the index towards 24000- 23900 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
