IGI Logo

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 25150 with a loss of 205 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 crosses and sustains above 25350 level it would witnessbuyingwhich would lead the index towards 25400-25500 levels. Important Supports for the day is around 25130 However if index sustainsbelow25130 then it may witness profit booking which would take the index towards 25000-24950 levels.

Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785