Nifty opened on a flat note and traded with extreme volatility on either side to end on a negative note

2026-01-08 09:11:51 am | Source: Jainam Share Consultants

Nifty opened on a flat note and traded with extreme volatility on either side to end on a negative note - Jainam Share Consultants

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Nifty

Nifty opened on a flat note and traded with extreme volatility on either side to end on a negative note. Nifty closed at 26141 withalossof38points. On the daily chart the index has formed a "Doji" candlestick formation indicating indecisiveness amongst market participants regardingthe direction. The chart pattern suggests that if Nifty crosses and sustains above 26190 level it would witness buying which wouldleadtheindextowards 26260-26330 levels. Important Supports for the day is around 26060 However if index sustains below 26060 then it may witnessprofitbooking which would take the index towards 26000-25900 levels.

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Nifty opened on a flat note and traded with extreme volatility on either side to end on a negative note - Jainam Share Consultants

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