Nifty closed at 23952 with a loss of 247 points

2024-12-20 10:05:57 am | Source: Jainam Share Consultants

Nifty closed at 23952 with a loss of 247 points - Jainam Share Consultants

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Nifty

Nifty opened with a downward gap and witnessed pullback rally at lower levels however selling pressure at higher levels dragged index to close in negative territory . Nifty closed at 23952 with a loss of 247 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 23900 level it would witness selling which would lead the index towards 23800-23700 levels. However, if index crosses above 24000 level it would witness pullback rally which would take the index towards 24100-24200.

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Nifty closed at 23952 with a loss of 247 points - Jainam Share Consultants

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