Nifty opened with an upward gap but witnessed selling from the opening tick - Jainam
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Nifty
Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day's low. Nifty closed at 13635 with a loss of 183 points. On the daily chart the index has formed a long Bearish candle with eitehr side long shadows indicating extreme volatility at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 13590 level it would witness selling which would lead the index towards 13500-13370 levels. However if index crosses above 13970 level it would witness pullback rally which would take the index towards 14150-14240.
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