Nifty closed at 21239 with a loss of 333 points - Jainam Share Consultants
Nifty
Nifty opened on a positive note and extended buying momentum in the first half however selling in the second half led the index lower to close near day's low. Nifty closed at 21239 with a loss of 333 points. On the daily chart index has formed a sizable bearish candle and has closed below past three session's low which signals weakness ahead. The chart pattern suggests that if Nifty breaks and sustains below 21190 level it would witness selling which would lead the index towards 21100-21000 levels. However if index crosses above 21400 level it would witness pullback rally which would take the index towards 21450-21500.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
