Nifty opened with a downward gap and selling pressure throughout the session dragged it lower to end negative - Jainam
Nifty
Nifty opened with a downward gap and selling pressure throughout the session dragged it lower to end negative . Nifty closed at 23432 with a loss of 204 points . On the daily chart index has formed a small bearish candle forming lower High - Low compare to previous session and has closed below previous session's low indicating negative bias . The chart pattern suggests that if Nifty crosses and sustains above 23600 level it would witness buying which would lead the index towards 23700 - 23800 levels . Important Supports for the day is around 23430 However if index sustains below 23430 then it may witness profit booking which would take the index towards 23350 - 23300 levels .
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
