Nifty dips on gap-down, ends near day`s high on buying

2026-04-08 11:52:43 am | Source: Jainam Broking Limited

Nifty dips on gap-down, ends near day`s high on buying - Jainam Broking Ltd

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Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high. Nifty closed at 23124 with a gain of 155 points. On the daily chart the index has formed a long bullish candle forming higher High-Low formation compare to previous session indicating positive bias. The chart pattern suggests that if Nifty breaks and sustains below 22800 level it would witness selling which would lead the index towards 22580- 22500 levels. However, if index crosses above 23300 level it would witness pullback rally which would take the index towards 23480- 23600.

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Nifty dips on gap-down, ends near day`s high on buying - Jainam Broking Ltd

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