Nifty Opens Higher, Stays Range-Bound in Lacklustre Trade - Jainam
Nifty
Nifty opened with an upward gap and remained lac k luster within na rrow trading range throughout the day. Nifty closed at 24252 with a gain of 20 points. On the daily chart index has formed bearish candle but it manage to form higher High-Low compare to previous session indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 24300 level it would witness buying which would lead the index towards 24350-24400 levels. Important Supports for the day is around 24200 However if index sustains below 24200 then it may witness profit booking which would take the index towards 24100-24000 levels. opened with an upward gap and remained lac k luster within na rrow trading range throughout the day. Nifty closed at 24252 with a gain of 20 points. On the daily chart index has formed bearish candle but it manage to form higher High-Low compare to previous session indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 24300 level it would witness buying which would lead the index towards 24350-24400 levels. Important Supports for the day is around 24200 However if index sustains below 24200 then it may witness profit booking which would take the index towards 24100-24000 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
