Nifty closed at 23382 with a loss of 178 points - Jainam Share Consultants

Nifty Technical View
Nifty opened with a downward gap and selling pressure throughout the session dragged it lower to end on a negative note. Niftyclosedat23382 with a loss of 178 points. On the daily chart the index has formed a long Bearish candle forming lower High-Lowcomparetoprevioussession indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 23570 level it would witness buyingwhichwould lead the index towards 23650-23700 levels. Important Supports for the day is around 23300 However if index sustains below23300thenit may witness profit booking which would take the index towards 23200-23100 levels.
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785


Tag News
Indian markets end marginally lower this week amid subdued Q1 earnings, global sentiment



More News

Quote on Market Wrap by Shrikant Chouhan, Head of Equity Research, Kotak Securities


