Nifty opened on a flat note but selling led the index downwards to end in red - Jainam
Nifty
Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 24219 with a loss of 33 points. On the daily chart the index has formed a small Bearish candle with lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 24315 level it would witness buying which would lead the index towards 24400-24500 levels. Important Supports for the day is around 24150 However if index sustains below 24150 then it may witness profit booking which would take the index towards 24100-24000 levels.

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
