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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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Nifty
Nifty opened on a flat note but selling led the index downwards to end near the low of the day. Nifty closed at 25797 with a loss of 14points. Onthe 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 24720 level it would witness selling which would lead the index towards24600-24500 levels. However if index crosses above 24850 level it would witness pullback rally which would take the index towards 24800-25000.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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