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Nifty

Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 19672 with a loss of 73 points. On the daily chart index has formed a small bearish candle forming lower High-Low compare to previous session and has closed below previous session's low indicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below 19650 level it would witness selling which would lead the index towards 19600-19500 levels. However if index crosses above 19800 level it would witness pullback rally which would take the index towards 19900-19950.

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785

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