Nifty opened on a flat note but selling led the index downwards to end near the low of the day - Jainam Share Consultants
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Nifty
Nifty opened on a flat note but selling led the index downwards to end near the low of the day. Nifty closed at 23914 with a loss of 361points.On the daily chart the index has formed a long Bearish candle forming lower High-Low compare to previous session indicating negative bias. Thechart pattern suggests that if Nifty breaks and sustains below 23870 level it would witness selling which would lead the index towards23800-23650 levels. However if index crosses above 24000 level it would witness pullback rally which would take the index towards 24100-24200.
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