Nifty Forms Bearish Candle, Signals Negative Bias

2026-03-09 10:17:50 am | Source: Jainam Share Consultants

Nifty Forms Bearish Candle, Signals Negative Bias - Jainam Share Consultants

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Nifty

Nifty opened with a downward gap and selling pressure throughout the session dragged it lower to end negative . Nifty closed at 24450withaloss of 315 points. On the daily chart the index has formed a long Bearish candle forming lower High-Low compare to previous sessionindicatingnegative bias. The chart pattern suggests that if Nifty breaks and sustains below 24400 level it would witness selling which wouldleadtheindextowards 24300-24250 levels. However, if index crosses above 24600 level it would witness pullback rally which would take the indextowards24680-24850.

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Nifty Forms Bearish Candle, Signals Negative Bias - Jainam Share Consultants

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