Nifty opened with an Downward gap and witnessed selling pressure in initial hours - Jainam Share Consultants
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Nifty
Nifty opened with an Downward gap and witnessed selling pressure in initial hours. However buying momentum in second half pulled index higher to close near the day's high. Nifty closed at 19436 with a loss of 93 points. On the daily chart the index has formed a Bearish candle with long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty breaks and sustains below 19330 level it would witness selling which would lead the index towards 19250-19200 levels. However if index crosses above 19460 level it would witness pullback rally which would take the index towards 19550-19600.
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
Tag News
Technical Outlook for the week starting November 25 by Lovelesh Sharma, Consultant, SAS Onli...
More News
Morning market quote : India has become the best performing large market in September with 4...
