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

23-10-2024 10:04 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 24472 with a loss of 309 points. On thedailychartthe 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 24450 level it would witness selling which would lead the index towards 24400-24350levels.However if index crosses above 24500 level it would witness pullback rally which would take the index towards 24600-24700.

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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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