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

2025-05-12 09:36:30 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

Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 24274 with a loss of 141 points. Onthedailychartindex has formed a sizable bearish candle forming lower High-Low compare to previous session and has closed below previous 6session'slowindicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below 24150 level it would witness selling whichwouldleadthe index towards 24100-24000 levels. However, if index crosses above 24450 level it would witness pullback rally which wouldtaketheindextowards 24500-24600.

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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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