Nifty opened on a flat note but selling led the index downwards to end in red - Jainam Share Consultants
NIFTY TECHNICAL VIEW
Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 24891 with a loss of 166 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 25000 level it would witness buying which would lead the index towards 25100-25150 levels.Important Supports for the day is around 25080 However if index sustains below 25080 then it may witness profit booking which would take the index towards 25000-24900 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
