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 25598 with a loss of 166 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 25580 level it would witness selling which would lead the index towards 25500-25400levels.However, if index crosses above 25670 level it would witness pullback rally which would take the index towards 25780-25850.

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
