Nifty opened on a flat note and witnessed extreme volatility on either side for most part of the sessio - Jainam Share Consultants
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Nifty
Nifty opened on a flat note and witnessed extreme volatility on either side for most part of the session. However later hour selling pressure dragged index lower to end in red. Nifty closed at 19674 with a loss of 68 points. On the daily chart the index has formed a Bearish candle with a long upper shadow indicating selling at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 19650 level it would witness selling which would lead the index towards 19600-19550 levels. However if index crosses above 19800 level it would witness pullback rally which would take the index towards 19900-20000.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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