Nifty gaps down as selling pressure drags it lower -Jainam Broking Ltd

2026-04-27 10:06:18 am | Source: Jainam Broking Limited

Nifty gaps down as selling pressure drags it lower -Jainam Broking Ltd

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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 23898 with a loss of 275 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 23800 level it would witness selling which would lead the index towards 23680-23600 levels. However, if index crosses above 24000 level it would witness pullback rally which would take the index towards 24100-24200.

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Nifty gaps down as selling pressure drags it lower -Jainam Broking Ltd

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