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

2025-08-01 09:47:50 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 24768withalossof 87 points. On the daily chart the index has formed a Bullish candle with a upper shadow indicating selling at higher levelsThe chart patternsuggests that if Nifty crosses and sustains above 24800 level it would witness buying which would lead the index towards 24950-25000levels.Important Supports for the day is around 24700 However if index sustains below 24700 then it may witness profit booking whichwouldtakethe index towards 24630-24580 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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