The chart pattern suggests that if Nifty crosses and sustains above 25950 level it would witnessbuyingwhich would lead the index towards 26000-26120 levels - Jainam Share Consultants
Nifty opened on a positive note and extended buying momentum in the first half however selling in the second half led the indexlowertoclose near day's low. Nifty closed at 25758 with a loss of 82 points. On the daily chart the index has formed a Bullish candle withauppershadow indicating selling at higher levels. The chart pattern suggests that if Nifty crosses and sustains above 25950 level it would witnessbuyingwhich would lead the index towards 26000-26120 levels. Important Supports for the day is around 25728 However if index sustainsbelow25728 then it may witness profit booking which would take the index towards 25650-25600 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
