Nifty opened on a flat note and witnessed selling pressure in the initial half of the day

2025-03-04 10:15:55 am | Source: Jainam Share Consultants

Nifty opened on a flat note and witnessed selling pressure in the initial half of the day - Jainam Share Consultants

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Nifty

Nifty opened on a flat note and witnessed selling pressure in the initial half of the day. However later hour buying led index toendnearday'shigh.. Nifty closed at 22119 with a loss of 5 points. On the daily chart the index has formed a Bearish candle with long lower shadowindicatingbuying support at lower levels. The chart pattern suggests that if Nifty breaks and sustains below 22000 level it would witness sellingwhichwould lead the index towards 21900-21800 levels. However, if index crosses above 22200 level it would witness pullback rally whichwouldtakethe index towards 22250-22400

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Nifty opened on a flat note and witnessed selling pressure in the initial half of the day - Jainam Share Consultants

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