Nifty opened with a downward gap and witnessed pullback rally at lower levels however selling pressure at higher levels - Jainam Share Consultants
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Nifty
Nifty opened with a downward gap and witnessed pullback rally at lower levels however selling pressure at higher levels dragged index to close in negative territory . Nifty closed at 18028 with a loss of 129 points. On the daily chart the index has formed a "Doji" candlestick formation indicating indec isi veness among st ma r ket participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 18110 level it would witness buying which would lead the index towards 18200-18300 levels. However if index breaks below 17950 level it would witness selling which would take the index towards 17900-17800
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