Nifty opened on a positive note but selling pressure throughout the session dragged - Jainam Share Consultants
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Nifty
Nifty opened on a positive note but selling pressure throughout the session dragged it lower to close in negative territory. Nifty closed at 15361 with a loss of 332 points. On the daily chart index has formed a sizable bearish candle and closed below previous session's low indicating negative bias. The index has broken its important support area of 15500 level and has closed below such level indicates weakness at current level. The chart pattern suggests that if Nifty crosses and sustains above 15500 level it would witness buying which would lead the index towards 15650-15700 levels. Important Supports for the day is around 15335 However if index sustains below 15335 then it may witness profit booking which would take the index towards 15200-15000 levels
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