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

05-11-2024 10:10 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 23990 with a loss of 314 points. On thedailychartindex has formed a sizable bearish candle and closed below previous session's low indicating negative bias The chart pattern suggests that if Niftybreaks and sustains below 23680 level it would witness selling which would lead the index towards 23600-23500 levels. However if indexcrossesabove 24380 level it would witness pullback rally which would take the index towards 24500-24600d

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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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