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Nifty

Nifty opened on a flat note and witnessed profit booking in initial half however buying momentum at lower levels pulled index higher to close in positive territory. Nifty closed at 25384 with a gain of 27 points. On the daily chart the index has formed a "Doji" candlestick formation indicating indec isiveness among st mar ket participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 25450 level it would witness buying which would lead the index towards 25500-25600 levels. Important Supports for the day is around 25290 However if index sustains below 25290 then it may witness profit booking which would take the index towards 25200-25100 levels.

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785