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 24232 with a gain of 154 points. On the daily chart the index has formed a Doji candlestick formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 24270 level it would witness buying which would lead the index towards 24350-24400 levels. Important Supports for the day is around 24180 However if index sustains below 24180 then it may witness profit booking which would take the index towards 24100- 24000 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
