Nifty opened on a negative note but witnessed sideways movement in initial half - Jainam Share Consultants
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Nifty
Nifty opened on a negative note but witnessed sideways movement in initial half. However last hour profit booking pulled index lower to end in red. Nifty closed at 20192 with a gain of 89 points. On the daily chart index has formed a small bearish candle representing resistance at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 20115 level it would witness selling which would lead the index towards 20050-20000 levels. However if index crosses above 20222 level it would witness pullback rally which would take the index towards 20280-20320.
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
Tag News
Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities
More News
Bank Nifty?s next immediate support is around 51500 levels on the downside and on a decisive...
