Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day`s low

2026-05-22 09:44:02 am | Source: Jainam Broking Limited

Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day`s low - Jainam Share Consultants

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Nifty

Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day's low. Nifty closed at 23655 with a loss of 4 points. On the daily chart index has formed a bearish candle representing resistance at higher levels. 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

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Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day`s low - Jainam Share Consultants

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