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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 15752 with a loss of 171 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 15700 level it would witness buying which would lead the index towards 15770-15850 levels. Important Supports for the day is around 15570 However if index sustains below 15570 then it may witness profit booking which would take the index towards 15500- 15450 levels.

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
 

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