Nifty opened on a flat note but selling led the index downwards to end in red - Jainam Share Consultants
Nifty
. Nifty closed at 25049 with a loss of 241 points. On the daily chart
index has formed a sizable bearish candle indicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below 25000 level
it would witness selling which would lead the index towards 24900-24770 levels. However, if index crosses above 25150 level it would witness
pullback rally which would take the index towards 25300-25400.


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


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