Nifty opened with a downward gap and witnessed extreme volatility on eitherside for most part of the session - Jainam
Nifty
Nifty opened with a downward gap and witnessed extreme volatility on eitherside for most part of the session . However later hour selling pressure dragged index lower to end in red . Nifty closed at 22603 with a loss of 173 points . On the daily chart index has formed a bearish candle representing resistance at higher levels . The chart pattern suggests that if Nifty breaks and sustains below 22550 level it would witness selling which would lead the index towards 22500 - 22420 levels . However, if index crosses above 22700 level it would witness pullback rally which would take the index towards 22780 - 22850
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
