Nifty opened on a flat note but selling led the index downwards to end in red By Jainam Share Consultants
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Nifty
Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 24181 with a loss of 219 points. On thedailychartthe index has formed a long Bearish candle forming lower High-Low compare to previous session indicating negative bias. The chart patternsuggests that if Nifty breaks and sustains below 24070 level it would witness selling which would lead the index towards 24000-23900levels.However if index crosses above 24300 level it would witness pullback rally which would take the index towards 24400-24500.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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Post market comment by Mandar Bhojane, Research Analyst, Choice Broking
