Nifty opened on a flat note but selling led the index downwards to end near the low of the day - Jainam Broking Limited
NIFTY TECHNICAL VIEW
Nifty opened on a flat note but selling led the index downwards to end near the low of the day. Nifty closed at 25510 with a loss of 88points.On the daily chart the index has formed a small Bearish candle with upper shadow indicating selling pressure as well as resistanceat higherlevels. The chart pattern suggests that if Nifty breaks and sustains below 25490 level it would witness selling which would leadtheindextowards 25450-25400 levels. However, if index crosses above 25580 level it would witness pullback rally which would take the indextowards25680-25750.
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