Nifty opened gap-down, faced selling, ended near 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 24565 with a loss of 203 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 24500 level it wouldwitnesssellingwhich would lead the index towards 24450-24360 levels. However, if index crosses above 24650 level it would witness pullbackrallywhichwould take the index towards 24700-24780
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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