Nifty opened strong but late selling dragged it near day`s low

2025-10-08 09:36:55 am | Source: Jainam Share Consultants

Nifty opened strong but late selling dragged it near day`s low - Jainam Share Consultants

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Nifty

Nifty opened on a positive note and extended buying momentum in the first half however selling in the second half led the indexlowertoclose near day's low. Nifty closed at 25108 with a gain of 31 points. On the daily chart the index has formed a Bullish candle withanuppershadow indicating selling at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 25070 level it wouldwitnesssellingwhich would lead the index towards 25000-24800 levels. However, if index crosses above 25200 level it would witness pullbackrallywhichwould take the index towards 25250-25300.

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Nifty opened strong but late selling dragged it near day`s low - Jainam Share Consultants

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