Powered by: Motilal Oswal
13-11-2024 09:59 AM | Source: Jainam Share Consultants
Nifty opened on a positive note and 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 positive note and witnessed sideways movement in initial half. However last hour profit booking pulled index lower toclosenear day's low.. Nifty closed at 23883 with a loss of 258 points. On the daily chart the index has formed a long Bearish candle forminglowerHigh-Low compare to previous session indicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below23850level itwould witness selling which would lead the index towards 23800-23700 levels. However if index crosses above 24000 level it wouldwitnesspullback rally which would take the index towards 24080-24215.

 

Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer