IGI Logo

Nifty

Nifty opened with an downward g a p a n d s e l l i n g p r e ss u r e throughout the session dragged it lower to end near lowest point of the day. Nift y c los ed at 13817.55 with a loss of 150 points. On the daily chart the i n d ex h a s fo rme d a "Do j i " candlestick formation indicating indecisiveness amongst market pa rti c ipants re ga rding the direction. The chart pattern suggests that if Nifty breaks and sustains below 13700 level it would witness selling which would lead the index towards 13620-13580 levels. However if index crosses above 13900 level it would witness pullback rally which would take the index towards 14150-14240

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