Nifty Breakdown Below 23580 May Trigger Decline Toward 23400 - Jainam Broking Limited
Nifty
Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 23719 with a gain of 65 points. On the daily chart index has formed a bullish candle however it remained restricted within previous session's High-Low range indicating absence of strength on eitherside. The chart pattern suggests that if Nifty breaks and sustains below 23580 level it would witness selling which would lead the index towards 23470-23400 levels. However, if index crosses above 23770 level it would witness pullback rally which would take the index towards 23880-23950
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
More News
Opening Bell : Markets likely to make cautious start on Friday
