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 25795 with a loss of 96 points. On the daily chart the index has formed a long Bearish candle forming lower High-Low compare to previous session indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 26000 level it would witness buying which would lead the index towards 26100-26200 levels.Important Supports for the day is around 25860 However if index sustains below 25860 then it may witness profit booking which would take the index towards 25800-25700 levels.
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