Nifty opened with a downward gap and traded with extreme volatility - Jainam Share Consultant
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Nifty
Nifty opened with a downward gap and traded with extreme volatility on either side to end on a flat note. Nifty closed at 15163 with a loss of 10 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 crosses and sustains above 15257 level it would witness buying which would lead the index towards 15300-15320 levels. However if index breaks below 15080 level it would witness selling which would take the index towards 14970- 14860.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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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
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