02-02-2024 09:34 AM | Source: Jainam Share Consultants
Nifty breaks and sustains below 21650 level it would witness selling - Jainam Share Consultant
Nifty
Nifty opened on a positive note and traded with extreme volatility on either side and closed in a negative territory. Nifty closed at 21697 with a loss of 28 points. On the daily chart index has formed a small bearish candle representing resistance at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 21650 level it would witness selling which would lead the index towards 21600-21500 levels. However if index crosses above 21830 level it would witness pullback rally which would take the index towards 21900-22000.
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
To Read Complete Report & Disclaimer
Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Latest News
Insurance Sector Update : Motor drags down overall g...
Sell Gold Below 72700 SL Above 72950 TGT 72400/72100...
Wipro shares nosedived over 9 pc after missed earnin...
Economic Survey links mental health disorders with '...
India's GDP growth for FY25 to surpass Economic Surv...
Evening Roundup : A Daily Report on Bullion Energy &...
FIIs stood as net buyers in equities as per July 22 ...
Union Budget: Experts urge government to remove 18 ...
Poonawalla Fincorp AUM up 52% YoY to Rs 26,972 crore...
Sensex ends lower ahead of Union Budget 2024-25
Tag News
Sensex ends lower ahead of Union Budget 2024-25
Daily Market Analysis : The markets began the week on a subdued note and ended nearly unchanged, reflecting caution ahead of the Union Budget Says Mr. Ajit Mishra, Religare Broking Ltd
Post Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker