On the daily chart the index has formed a long Bearish candle forming lower High-Low compare to previous session indicating negative bias - Jainam Share Consultant
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Nifty
Nifty opened on flat note and selling pressure from opening tick dragged index lower to close near day's low.. Nifty closed at 15687 with a loss of 86 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 15900 level it would witness buying which would lead the index towards 15950-16000 levels. Important Supports for the day is around 15670 However if index sustains below 15670 then it may witness profit booking which would take the index towards 15600-15500 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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