Nifty closed at 23618 with a loss of 32 points

2026-05-20 09:25:28 am | Source: Jainam Broking Limited

Nifty closed at 23618 with a loss of 32 points - Jainam Broking Limited

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Nifty

Nifty opened with an upward gap and traded positive in initial half. However, profit booking in second half erased most of the earlier gains which led index to close on flat note. Nifty closed at 23618 with a loss of 32 points. On the daily chart the index has formed a small Bearish candle with upper shadow indicating selling pressure as well as resistance at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 23580 level it would witness selling which would lead the index towards 23500-23410 levels. However, if index crosses above 23780 level it would witness pullback rally which would take the index towards 23850- 23950

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Nifty closed at 23618 with a loss of 32 points - Jainam Broking Limited

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