2026-10-05 10:01:16 am | Source: jainam
Nifty Falls After Sharp Gap-Down Opening - Jainam
Nifty
Nifty opened on a huge downward gap and selling pressure from opening tick dragged index lower to close on a negative note . Nifty closed at 22422 with a loss of 199 points . On the daily chart the index has formed a Bearish candle with long lower shadow indicating buying support at lower levels . The chart pattern suggests that if Nifty breaks and sustains below 22300 level it would witness selling which would lead the index towards 22250 - 22200 levels . However if index crosses above 22550 level it would witness pullback rally which would take the index towards 22620 - 22700
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