Nifty opened with a downward gap and witnessed pullback rally at lower levels however selling pressure at higher levels - Jainam Share Consultants
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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
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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