Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high - Jainam
Nifty
Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high . Nifty closed at 23141 with a gain of 77 points . On the daily chart index has formed a bullish candle however it has continued to form lower High - Low compare to previous session indicating negative sign . The chart pattern suggests that if Nifty breaks and sustains below 23020 level it would witness selling which would lead the index towards 22950 - 22900 levels . However if index crosses above 23165 level it would witness pullback rally which would take the index towards 23260 - 23350 .
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
