Nifty opened with an downward gap and selling pressure throughout the session dragged it lower to end near lowest point of theday - 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 theday. Niftyclosed at 25878 with a loss of 176 points. On the daily chart the index has formed a long Bearish candle forming lower High-Lowcomparetoprevious session indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 25940 level it would witnessbuyingwhich would lead the index towards 26000-26100 levels. Important Supports for the day is around 25845 However if index sustainsbelow25845 then it may witness profit booking which would take the index towards 25720-25670 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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