However if index crosses above 19350 level it would witness pullback rally which would take the index towards 19450-19500 - Jainam Share Consultants
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Nifty
Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 19122 with a loss of 160 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 breaks and sustains below 19070 level it would witness selling which would lead the index towards 19000-18900 levels. However if index crosses above 19350 level it would witness pullback rally which would take the index towards 19450-19500.
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
Tag News
Share market shut for trading on account of Maharashtra election
More News
Market Watch: Equities in risk off mode; weigh Fed caution by Geojit Financial Services Ltd
