Nifty opened with a downward gap and traded with extreme volatility on either side to end on negative note

2025-11-24 10:20:24 am | Source: Jainam Share Consultants

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 26062withalossof 130 points. On the daily chart the index has formed a Bearish candle with a long upper shadow indicating selling at higher levels. Thechartpattern suggests that if Nifty crosses and sustains above 26200 level it would witness buying which would lead the index towards 26250-26300levels. Important Supports for the day is around 26050 However if index sustains below 26050 then it may witness profit booking whichwouldtake the index towards 26000-25900 levels.

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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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