The chart pattern suggests that if Nifty crosses and sustains above 24250 level - Jainam Share Consultants
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Nifty
Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 24005 with a loss of 184 points. Onthedailychartindex has formed a bearish candle however it remained restricted within previous session's High-Low range indicating absence of strengthoneither side. The chart pattern suggests that if Nifty crosses and sustains above 24250 level it would witness buying which wouldleadtheindextowards 24300-24400 levels. Important Supports for the day is around 23970 However if index sustains below 23970 then it may witnessprofitbooking which would take the index towards 23900-23800 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
