Nifty opened with a downward gap and traded with extreme volatility on either side to end on negative note - Jainam Share Consultants
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Nifty
Nifty opened with a downward gap and traded with extreme volatility on either side to end on negative note. Nifty closed at 22148 with a loss of 125 points. On the daily chart the index has formed a small bullish candle with shadows on either side representing extreme volatility as well as indec isi veness amongst participants regarding the direction. The chart pattern suggests that if Nifty breaks and sustains below 22070 level it would witness selling which would lead the index towards 22000-21900 levels. However if index crosses above 22200 level it would witness pullback rally which would take the index towards 22250-22300
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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