Nifty Ends Lower Amid Persistent Selling Pressure - Jainam
Nifty
Nifty opened with a downward gap and selling pressure throughout the session dragged it lower to end negative . Nifty closed at 22780 with a loss of 360 points . On the daily chart the index has formed a long Bearish candle forming lower High - Low compare to previous session indicating negative bias . The chart pattern suggests that if Nifty breaks and sustains below 22760 level it would witness selling which would lead the index towards 22700 - 22600 levels . However if index crosses above 22900 level it would witness pullback rally which would take the index towards 23000 - 23100 .

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