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 25453 with a loss of 88 points. Onthedailychartthe index has formed a small Bearish candle with lower shadow indicating buying support at lower levels. The chart pattern suggeststhatifNifty crosses and sustains above 25608 level it would witness buying which would lead the index towards 25700-25750 levels. ImportantSupports for the day is around 25380 However if index sustains below 25380 then it may witness profit booking which wouldtaketheindextowards 25300-25250 levels.
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