Nifty opened on a flat note and witnessed sideways movement in initial half - Jainam Share Consultants
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Nifty
Nifty opened on a flat note and witnessed sideways movement in initial half. However last hour profit booking pulled index lower to end in red. Nifty closed at 16125 with a loss of 90 points. On the daily chart the index has formed a small Bearish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty breaks and sustains below 16075 level it would witness selling which would lead the index towards 16000-15900 levels. However if index crosses above 16265 level it would witness pullback rally which would take the index towards 16400-16500
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
![Nifty opened on a flat note and witnessed sideways movement in for most part of the day - Jainam Share Consultants](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0030ddf512030d1532120f3fe6f57a16.jpg)
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![it would witness selling which would lead the index towards 19360-19300 levels - Jainam Share Consultants](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/87e58ac27cff1542848a43c4d1c2dd27.jpg)