Nifty opened on a positive note and witnessed selling pressure for most part of the session - Jainam Broking Limited
Nifty
Nifty opened on a positive note and witnessed selling pressure for most part of the session. However last hour pullback action pulled index higher to close near the day's high. Nifty closed at 24331 with a gain of 298 points. On the daily chart the index has formed a strong Bullish candle carrying long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 24400 level it would witness buying which would lead the index towards 24450-24500 levels. Important Supports for the day is around 24250 However if index sustains below 24250 then it may witness profit booking which would take the index towards 24150-24000 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
