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 24195 with a loss of 289points.On the daily chart index has formed a sizable bearish candle forming lower High-Low compare to previous session and has closedbelowprevious session's low indicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below 24100 level it wouldwitnessselling which would lead the index towards 24000-23900 levels. However if index crosses above 24550 level it would witness pullbackrallywhich would take the index towards 24600-24700
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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