Nifty closed at 22446 with a loss of 7 points - Jainam Share Consultants
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Nifty
Nifty opened with an downward gap but witnessed buy ing from the opening tick to end positive. Nifty closed at 22446 with a loss of 7 points. On the daily chart the index has formed a Bullish candle with a upper shadow indicating selling at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 22350 level it would witness selling which would lead the index towards 22300-22250 levels. However if index crosses above 22500 level it would witness pullback rally which would take the index towards 22600-22650
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