If index crosses above 17450 level it would witne ss pullback rally - Jainam Share Consultants
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Nifty
Nifty opened with downward gap and extended its down move in initial hours making day low around 17299 however buying support at lower levels recovered the earlier losses but still ended on a Negative note. Nifty closed at 17393 with a loss of 73 points. On the daily chart the index has formed a Bearish candle with long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty breaks and sustains below 17300 level it would witness selling which would lead the index towards 17200-17100 levels. However if index crosses above 17450 level it would witne ss pullback rally which would take the index towards 17500-17600.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
