Nifty Below 22100 May Trigger Sell-Off Toward 22000-21900

2025-03-05 10:03:02 am | Source: Jainam Share Consultants

Nifty Below 22100 May Trigger Sell-Off Toward 22000-21900 - Jainam Share Consultants

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Nifty

Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high. Nifty closed at 22083 with a loss of 37 points. On the daily chart index has formed a bullish candle however it has continued to form lower High-Low compare to previous session indicating negative sign. The chart pattern suggests that if Nifty breaks and sustains below 22100 level it would witness selling which would lead the index towards 22000-21900 levels. However, if index crosses above 22100 level it would witness pullback rally which would take the index towards 22200-22250.

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Nifty Below 22100 May Trigger Sell-Off Toward 22000-21900 - Jainam Share Consultants

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