Nifty gapped down, stayed weak, and closed near the day`s low - Jainam Share Consultants
Nifty
Nifty opened with a downward gap and selling pressure throughout the session dragged it lower to end near lowest point of theday. Niftyclosed at 24363 with a loss of 211 points. On the daily chart the index has formed a long Bearish candle forming lower High-Lowcomparetoprevious session indicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below 24330 level it wouldwitnesssellingwhich would lead the index towards 24250-24200 levels. However, if index crosses above 24460 level it would witness pullbackrallywhichwould take the index towards 24550-24600
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