Nifty opened with a flat note but witnessed selling from the opening tick to end near the day`s low - Jainam Share Consultants
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Nifty
Nifty opened with a flat note but witnessed selling from the opening tick to end near the day's low. Nifty closed at 19428 with a loss of 115 points. On the daily chart the index has formed a long Bearish candle forming lower High-Low compare to previous session indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 19560 level it would witness buying which would lead the index towards 19600-19650 levels. Important Supports for the day is around 19400 However if index sustains below 19400 then it may witness profit booking which would take the index towards 19300-19240 levels.
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