Nifty closed at 21998 with a loss of 338 points - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day's low. Nifty closed at 21998 with a loss of 338 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 21900 level it would witness selling which would lead the index towards 21800- 21700 levels. However if index crosses above 22000 level it would witness pullback rally which would take the index towards 21100-21200
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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