Nifty closed at 24197 with a loss of 35 points - Jainam Broking Ltd
Nifty
Nifty opened with an upward gap but witnessed selling from the opening tick to end negative. Nifty closed at 24197 with a loss of 35 points. On the daily chart index has formed a long bearish candle representing resistance at higher levels. The chart pattern suggests that if Nifty crosses and sustains above 24280 level it would witness buying which would lead the index towards 24400-24500 levels. Important Supports for the day is around 24100 However if index sustains below 24100 then it may witness profit booking which would take the index towards 24000-23900 levels.

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
