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Nifty opened with an downward gap and selling pressure throughout the session - Jainam Share Consultants
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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 24050 with a loss of 668 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 23900 level it would witness selling which would lead the index towards 23800-23700 levels. However if index crosses above 24350 level it would witness pullback rally which would take the index towards 24500-24600.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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