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On the daily chart the index has formed a long Bullish candle forming higher High - Low formation indicating positive bias - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and r em a i n e d i n p o siti v e t e rr a i n throughout the day. Nifty closed at 19811 with a gain of 122 points. On the daily chart the index has formed a long Bullish candle forming higher High-Low formation indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 19850 level it would witness buying which would lead the index towards 19900- 20000 levels. Important Supports for the day is around 19750 However if index sustains below 19750 then it may witness profit booking which would take the index towards 19700- 19600 levels
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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Quote on?Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities
