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The chart pattern suggests that if Nifty crosses and sustains above 21215 level - 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 21183 with a gain of 256 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 21215 level it would witness buying which would lead the index towards 21250- 21300 levels. Important Supports for the day is around 21100 However if index sustains below 21100 then it may witness profit booking which would take the index towards 21050- 21000 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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