Nifty opened with a downward gap but traded positive in initial half - Jainam Share Consultants
Nifty
Nifty opened with a downward gap but traded positive in initial half. However, profit booking in second half erased most of theearliergainswhich led index to close on a negative note. Nifty closed at 23092 with a loss of 113 points. On the daily chart the index has formedaBearishcandle with a long upper shadow indicating selling at higher levels. The chart pattern suggests that if Nifty breaks and sustains below23050level it would witness selling which would lead the index towards 23000-22950 levels. However, if index crosses above 23200level it wouldwitness pullback rally which would take the index towards 23300-23400.
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
Tag News
Sensex, Nifty end higher post 'Operation Sindoor'
More News
The Bank Nifty snapped its four -day losing streak and closed the day on a positive note at ...
