Nifty opened with an downward gap but witnessed buy ing from the opening tick to end near the day`s high

2024-05-22 09:59:46 am | Source: Jainam Share Consultants

Nifty opened with an downward gap but witnessed buy ing from the opening tick to end near the day`s high - Jainam Share Consultants

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Nifty

Nifty opened with an downward gap but witnessed buy ing from the opening tick to end near the day's high. Nifty closed at 22509 with a gain of 7 points. On the daily chart the index has formed a Bullish candle with a upper shadow indicating selling at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 22400 level it would witness selling which would lead the index towards 22300-22200 levels. However if index crosses above 22600 level it would witness pullback rally which would take the index towards 22700-22750.

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Nifty opened with an downward gap but witnessed buy ing from the opening tick to end near the day`s high - Jainam Share Consultants

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