On the daily chart the index has formed a Bearish candle with a long upper shadow indi cating selling at higher levels - Jainam Share Consultant
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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 15030 with a loss of 78 points. On the daily chart the index has formed a Bearish candle with a long upper shadow indi cating selling at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 15000 level it would witness selling which would lead the index towards 14590- 14500 levels. However if index crosses above 15138 level it would witness pullback rally which would take the index towards 15200- 15300.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
