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 24143 with a gain of 4 points. On the daily chart the index has formed a small Bearish candle with lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty breaks and sustains below 24050 level it would witness selling which would lead the index towards 23900-23850 levels. However if index crosses above 24400 level it would witness pullback rally which would take the index towards 24500-24600
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