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 22929 with a loss of 102 points. Onthedailychartindex has formed a sizable bearish candle forming lower High-Low compare to previous session and has closed below previous 7session'slowindicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below 22775 level it would witness selling whichwouldleadthe index towards 22700-22580 levels. However, if index crosses above 23000 level it would witness pullback rally which wouldtaketheindextowards 23150-23200
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