Nifty opened with a gap down, fell all day, ending near lows- Jainam Share Consultants
Nifty
Nifty opened with an downward gap and selling pressure throughout the session dragged it lower to end near lowest point of the day. Nifty closed at 25811 with a loss of 368 points. On the daily chart the index has formed a long Bearish candle forming lower High-Low compare to previous session indicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below 25790 level it would witness selling which would lead the index towards 25700-25600 levels. However if index crosses above 25900 level it would witness pullback rally which would take the index towards 26000-26100
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
Tag News
Monthly presentation by SBI Funds Management Limited.