Nifty opened on a flat note but selling led the index downwards to end in red - Jainam Share Consultant
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Nifty
Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 21616 with a loss of 166 points. On the daily chart index has formed a sizable bearish candle and closed below previous session's low indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 21850 level it would witness buying which would lead the index towards 21900-22000 levels. Important Supports for the day is around 21570 However if index sustains below 21570 then it may witness profit booking which would take the index towards 21500-21450 levels
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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