Nifty opened on flat note and selling pressure from opening tick dragged index lower to close on a negative note - Jainam Share Consultants
Nifty
Nifty opened on flat note and selling pressure from opening tick dragged index lower to close on a negative note.. Nifty closed at 25641withaloss of 135 points. On the daily chart index has formed a bearish candle however it remained restricted within previous session's High-Lowrange indicating absence of strength on eitherside. The chart pattern suggests that if Nifty crosses and sustains above 25760 level it wouldwitness buying which would lead the index towards 25900-26000 levels. Important Supports for the day is around 25580 However if indexsustains below 25580 then it may witness profit booking which would take the index towards 25500-25400 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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MOSt Market Outlook : Nifty immediate support is at 25500 then 25350 zones while resistance ...
