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 25111 with a loss of 101 points. Onthedailychartindex has formed a small bearish candle forming lower High-Low compare to previous session and has closed belowprevious session'slowindicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 25250 level it would witness buying whichwouldlead the index towards 25300-25350 levels. Important Supports for the day is around 25100 However if index sustains below25100thenitmaywitness profit booking which would take the index towards 25000-24900 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785










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