Nifty flat open; closed near day`s low at 24853, down 93 pts - Jainam Share Consultants

NIFTY TECHNICAL VIEW
Nifty opened on flat note and selling pressure from opening tick dragged index lower to close near day's low.. Nifty closed at 24853 with a loss of 93 points. On the daily chart index has formed a small bearish candle representing resistance at higher levels. The chart pattern suggests that if Nifty crosses and sustains above 25000 level it would witness buying which would lead the index towards 25080-25200 levels. Important Supports for the day is around 24800 However if index sustains below 24800 then it may witness profit booking which would take the index towards 24700-24600 levels.
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785










Tag News

India Strategy : Nifty-500: 4Q review ? Broad-based earnings growth by Motilal Oswal Financi...


