Nifty opened with a downward gap and traded with extreme volatility on either side to end on negative note - Jainam Share Consultants
Nifty
Nifty opened with a downward gap and traded with extreme volatility on either side to end on negative note. Nifty closed at 24610 with a loss
of 204 points. On the daily chart the index has formed a Bearish candle with long lower shadow indicating buying support at lower levels. The
chart pattern suggests that if Nifty breaks and sustains below 24500 level it would witness selling which would lead the index towards 24450-
24350 levels. However, if index crosses above 24750 level it would witness pullback rally which would take the index towards 24800-24950
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