Nifty opened on a flat note and remained in a small range throughout the day - Jainam Share Consultants

NIFTY TECHNICAL VIEW
Nifty opened on a flat note and remained in a small range throughout the day. Nifty closed at 25170 with a loss of 33 points. Onthedailychartthe index has formed a "Doji" candlestick formation indicating indecisiveness amongst market participants regarding the directionThechartpattern suggests that if Nifty crosses and sustains above 25250 level it would witness buying which would lead the index towards 25400-25500levels. Important Supports for the day is around 25080 However if index sustains below 25080 then it may witness profit booking whichwouldtake the index towards 25000-24900 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785










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