Nifty opened on a flat note and remained in a small range throughout the day

2025-02-28 10:48:23 am | Source: Jainam Share Consultants

Nifty opened on a flat note and remained in a small range throughout the day - Jainam Share Consultants

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Nifty

Nifty opened on a flat note and remained in a small range throughout the day. Nifty closed at 22545 with a loss of 3 points. Onthedailychartthe index has formed a small Bearish candle with shadows on either side indicating indecisiveness amongst participants regarding thedirection.The chart pattern suggests that if Nifty breaks and sustains below 22500 level it would witness selling which would lead the indextowards22450-22400 levels. However, if index crosses above 22625 level it would witness pullback rally which would take the index towards22700-22750.

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Nifty opened on a flat note and remained in a small range throughout the day - Jainam Share Consultants

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