Nifty opened with an downward gap and selling pressure throughout the session dragged it lower to end near lowest point of the day - 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 22705 with a loss of 183 points. On the daily chart the index has formed a Bearish candle with a long upper shadow indicating selling at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 22600 level it would witness selling which would lead the index towards 22500-22400 levels. However if index crosses above 22850 level it would witness pullback rally which would take the index towards 22900-23000.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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