Nifty opened on a flat note and remained in a small range throughout the day - Jainam
Nifty
Nifty opened on a flat note and remained in a small range throughout the day. Nifty closed at 24396 with a loss of 40 points. On the daily chart index has formed a bearish candle however it remained restricted within previous session's High-Low range indicating absence of strength on eitherside. The chart pattern suggests that if Nifty crosses and sustains above 24480 level it would witness buying which would lead the index towards 24600-24700 levels. Important Supports for the day is around 24260 However if index sustains below 24260 then it may witness profit booking which would take the index towards 24200-24100 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
