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

Nifty
Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 25146 with a loss of 82 points. Onthedailychartthe index has formed a small Bearish candle with lower shadow indicating buying support at lower levels. The chart pattern suggeststhatifNifty breaks and sustains below 25050 level it would witness selling which would lead the index towards 25000-24900 levels. However, if indexcrosses above 25200 level it would witness pullback rally which would take the index towards 25300-25350.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785










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