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Published on 8/04/2021 10:51:51 AM | Source: Jainam Share Consultants

Nifty opened with an upward gap and witnessed selling for most part of the session - Jainam Share Consultant

Posted in Market Outlook| #Market Outlook #Jainam Share Consultants

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Nifty opened on a flat note but buying led the index upwards to end in the green. Nifty closed at 14819 with a gain of 136 points. On the daily chart the index has formed a Bullish candle carrying either side s h a d ow i n d i c a ti n g e x tr eme volatility The chart pattern suggests that if Nifty breaks and sustains below 14650 level it would witness selling which would lead the index towards 14570-14460 levels. However if index crosses above 14900 level it would witne ss pullback rally which would take the index towards 15050-15200.

 

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