Nifty opened with an upward gap but witnessed selling from the opening tick to end negative - Jainam Share Consultant
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Nifty
Nifty opened with an upward gap but witnessed selling from the opening tick to end negative. Nifty closed at 15572 with a loss of 11 points. On the daily chart the index has formed a small Bearish candle with sh adows on e it h e r si d e indicating indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty breaks and sustains below 15550 level it would witness selling which would lead the index towards 15500-1450 levels. However if index crosses above 15600 level it would witness pullback rally which would take the index towards 15668- 15750
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