Nifty opened with a downward gap and witnessed pullback rally at lower levels however selling pressure at higher levels - Jainam Share Consultants
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Nifty
Nifty opened with a downward gap and witnessed pullback rally at lower levels however selling pressure at higher levels draggedindextoclosein negative territory. Nifty closed at 25797 with a loss of 14 points. On the daily chart the index has formed a Bearish candle withalonguppershadow indicating selling at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 24950 level it would witnesssellingwhich would lead the index towards 24900-24750 levels. However if index crosses above 25250 level it would witness pullback rally whichwouldtake the index towards 25300-25500
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
Tag News
Views on Technical Market by Anand James, Chief Market Strategist, Geojit Financial Services
More News
Daily Market Commentary : Domestic equities saw some buying interested boosted by impressive...
