Nifty closed at 14239 with a loss of 133 points - Jainam Share Consultant
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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 14239 with a loss of 133 points. On the daily chart index has formed a small bearish candle forming lower High-Low compare to previous session and ha s c los ed be low prev ious session's low indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 14500 level it would witness buying which would lead the index towards 14620-14750 levels. Important Supports for the day is around 14200 However if index sustains below 14200 then it may witness profit booking which would take the index towards 14120-14000 levels.
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