Nifty opened with a downward gap and selling pressure throughout the session dragged it lower to end near lowest point of theday - Jainam Share Consultants
Nifty
Nifty opened with a downward gap and selling pressure throughout the session dragged it lower to end near lowest point of theday. Niftyclosed at 24712 with a loss of 256 points. On the daily chart the index has formed a long Bearish candle forming lower High-Lowcomparetoprevious session indicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below 24680 level it wouldwitnesssellingwhich would lead the index towards 24600-24500 levels. However, if index crosses above 24850 level it would witness pullbackrallywhichwould take the index towards 24900-25000.
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Nifty has an immediate Resistance at 24580 and on a decisive close above expect a rise to 24...
