Nifty opened on a flat note but selling led the index downwards to end near the low of the day - Jainam Share Consultants
Nifty
Nifty opened on a flat note but selling led the index downwards to end near the low of the day. Nifty closed at 24501 with a loss of 211points.On the daily chart the index has formed a long Bearish candle forming lower High-Low compare to previous session indicating negativebias. Thechart pattern suggests that if Nifty breaks and sustains below 24480 level it would witness selling which would lead the index towards24400-24300 levels. However, if index crosses above 24580 level it would witness pullback rally which would take the index towards 24650-24700
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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