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Nifty opened on a positive note but selling pressure throughout the session - Jainam Share Consultants
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Nifty
Nifty opened on a positive note but selling pressure throughout the session dragged it lower to close in negative territory. Nifty closedat 25797with a loss of 14 points. On the daily chart the index has formed a long Bearish candle forming lower High-Low compare to previoussessionindicating negative bias.The chart pattern suggests that if Nifty breaks and sustains below 24700 level it would witness selling whichwouldleadthe index towards 24600-24500 levels. However if index crosses above 25000 level it would witness pullback rally which would taketheindextowards 25100-25250.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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