Nifty Trades Flat in Narrow Range - Jainam
Nifty
Nifty opened with a negative note and remained lac k luster within na rrow trading range throughout the day. Nifty closed at 24288 with a loss of 78 points. On the daily chart the index has formed a small Bearish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 24360 level it would witness buying which would lead the index towards 24500-24600 levels. Important Supports for the day is around 24220 However if index sustains below 24220 then it may witness profit booking which would take the index towards 24150- 24000 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
