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

2025-02-12 10:40:59 am | Source: Jainam Broking Limited

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 23072 with a loss of 310 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 23000 level it would witness selling which would lead the index towards 22950-22830levels.However, if index crosses above 23200 level it would witness pullback rally which would take the index towards 23300-23400.

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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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