Nifty opened on a flat note but selling led the index downwards to end in red By Jainam Share Consultants
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
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.
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
Tag News
Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities
