Nifty opened on a positive note and witnessed sideways movement in initial half

2025-11-26 09:30:02 am | Source: Jainam Share Consultants

Nifty opened on a positive note and witnessed sideways movement in initial half - Jainam Share Consultants

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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 25885 with a loss of 75 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 below25850level itwould witness selling which would lead the index towards 25800-25750 levels. However, if index crosses above 25950 level it wouldwitnesspullback rally which would take the index towards 26000-26150.

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Nifty opened on a positive note and witnessed sideways movement in initial half - Jainam Share Consultants

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