Nifty opened on a flat note but selling led the index downwards to end near the low of the day - Jainam Broking Ltd
Nifty
Nifty opened on a flat note but selling led the index downwards to end near the low of the day. Nifty closed at 23824 with a loss of 279 points. On the daily chart the index has formed a long Bearish candle forming lower High-Low compare to previous session indicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below 23780 level it would witness selling which would lead the index towards 23700-23600 levels. However, if index crosses above 23900 level it would witness pullback rally which would take the index towards 24000- 24150

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
