Nifty opened on a positive note and selling pressure throughout the session led it to close near day`s low - Jainam Share Consultants
Nifty
Nifty opened on a positive note and selling pressure throughout the session led it to close near day's low. Nifty closed at 22397 withalossof73points. On the daily chart index has formed a bearish candle however it remained restricted within previous session's High-Lowrangeindicatingabsence of strength on either side. The chart pattern suggests that if Nifty crosses and sustains above 22560 level it would witness buyingwhichwould lead the index towards 22650-22700 levels. Important Supports for the day is around 22370 However if index sustains below22370thenit may witness profit booking which would take the index towards 22300-22250 levels.
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