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

2025-05-21 09:41:16 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 TECHNICAL VIEW

Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 24684 with a loss of 262 points. Onthedailychartthe index has formed a long Bearish candle forming lower High-Low compare to previous session indicating negative bias. The chart patternsuggests that if Nifty breaks and sustains below 24670 level it would witness selling which would lead the index towards 24600-24500levels.However, if index crosses above 24780 level it would witness pullback rally which would take the index towards 24850-25000.

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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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