IGI Logo

Nifty 

Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 24650 with a loss of 73 points. Onthedailychartindex has formed a bearish candle however it remained restricted within previous session's High-Low range indicating absence of strengthoneitherside. The chart pattern suggests that if Nifty breaks and sustains below 24600 level it would witness selling which wouldleadtheindextowards 24530-24450 levels. However, if index crosses above 24740 level it would witness pullback rally which would take the indextowards24830-24900.

Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785