01-01-1970 12:00 AM | Source: Jainam Share Consultant Ltd
Nifty opened with an downward gap and selling pressure throughout the session dragged it lower on a negative note - Jainam Share Consultant
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Nifty

Nifty opened with an downward gap and selling pressure throughout the session dragged it lower on a negative note . Nifty closed at 14982 with a loss of 137 points. On the daily chart the index has formed a bearish candlestick with lower hi gh low formation indi cates negativity at current level. The chart pattern suggests that if Nifty crosses and sustains above 15120 level it would witness buying which would lead the index towards 15314- 15430 levels. However if index breaks below 14898 level it would witness selling which would take the index towards 14970-14860.

 

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