Nifty opened on a flat note and remained in a small range throughout the day - Jainam Share Consultants
Nifty
Nifty opened on a flat note and remained in a small range throughout the day. Nifty closed at 25005.50 with a gain of 137 points. Onthedailychart the index has formed a small Bearish candle with shadows on either side indicating indecisiveness amongst participants regardingthedirection. The chart pattern suggests that if Nifty crosses and sustains above 25040 level it would witness buying which wouldleadtheindextowards 25150-25200 levels. Important Supports for the day is around 24930 However if index sustains below 24930 then it may witnessprofitbooking which would take the index towards 24850-24800 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
