The chart pattern suggests that if Nifty breaks and sustains below 14880 level - Jainam Share Consultant
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Nifty
Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 14906 with a loss of 124 points. On the daily chart the index has formed a Bearish candle forming lower High- Low compare to previous session indicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below 14880 level it would witness selling which would lead the index towards 14780- 14720 levels. However if index crosses above 15040 level it would witness pullback rally which would take the index towards 15200- 15300.
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