Nifty opened on a flat note and traded with negative bias throughout the session

2025-05-20 09:38:06 am | Source: Jainam Share Consultants

Nifty opened on a flat note and traded with negative bias throughout the session - Jainam Share Consultants

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NIFTY TECHNICAL VIEW

Nifty opened on a flat note and traded with negative bias throughout the session . Nifty closed at 24945 with a loss of 74 points. Onthedailychart the index has formed a small Bearish candle with shadows on either side indicating indecisiveness amongst participants regardingthedirection. The chart pattern suggests that if Nifty breaks and sustains below 24900 level it would witness selling which wouldleadtheindextowards 24850-24750 levels. However, if index crosses above 25070 level it would witness pullback rally which would take the indextowards25120-25200.

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Nifty opened on a flat note and traded with negative bias throughout the session - Jainam Share Consultants

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