Nifty opened on a flat note but selling led the index downwards to end near the low of the day

2024-08-14 09:41:35 am | Source: Jainam Share Consultants

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 24139 with a loss of 208 points. On the daily chart index has formed a small bearish candle forming lower High-Low compare to previous session and ha s c los ed below prev ious session's low indicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below 24100 level it would witness selling which would lead the index towards 24000-23900 levels. However if index crosses above 24350 level it would witness pullback rally which would take the index towards 24400-24470.

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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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