Nifty opened on a flat note but selling led the index downwards to end in red

2025-05-07 10:13:17 am | Source: Jainam Share Consultants

Nifty opened on a flat note but selling led the index downwards to end in red - Jainam Share Consultants

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Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 24380 with a loss of 82 points. Onthedailychartindex has formed a small bearish candle representing resistance at higher levels. The chart pattern suggests that if Nifty crosses andsustainsabove 24500 level it would witness buying which would lead the index towards 24600-24750 levels. Important Supports for the dayisaround24300 However if index sustains below 24300 then it may witness profit booking which would take the index towards 24200-24100levels.

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Nifty opened on a flat note but selling led the index downwards to end in red - Jainam Share Consultants

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