Nifty gaps down sharply, selling pressure drags index lower

2026-03-20 10:24:28 am | Source: Jainam Share Consultants

Nifty gaps down sharply, selling pressure drags index lower - Jainam Share Consultants

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Nifty

Nifty opened on a huge downward gap and selling pressure from opening tick dragged index lower to close on a negative note.. Niftyclosedat23002 with a loss of 776 points. On the daily chart the index has formed a Bearish candle with a long upper shadow indicating sellingat higherlevels. The chart pattern suggests that if Nifty breaks and sustains below 22930 level it would witness selling which would leadtheindextowards 22800-22690 levels. However, if index crosses above 23100 level it would witness pullback rally which would take the indextowards23200-23400.

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Nifty gaps down sharply, selling pressure drags index lower - Jainam Share Consultants

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