Nifty opened with an downward gap and selling pressure throughout the session dragged it lower to end - Jainam Share Consultants
Nifty
Nifty opened with an downward gap and selling pressure throughout the session dragged it lower to end near lowest point of the day . Nifty closed at 15809 with a loss of 431 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 breaks and sustains below 15770 level it would witness selling which would lead the index towards 15730-15680 levels. However if index crosses above 16000 level it would witness pullback rally which would take the index towards 16100-16200
To Read Complete Report & Disclaimer Click Here
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
Tag News
Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
More News
Benchmark index traded volatile before closing with 0.76% cut at 15632 level - Monarch Netwo...