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 24406 with a loss of 7 points. On the daily chart index has formed a bullish candle however it has continue to form lower High-Low compare to previous session indicating negative sign. The chart pattern suggests that if Nifty breaks and sustains below 24200 level it would witness selling which would lead the index towards 24150-24100 levels. However if index crosses above 24450 level it would witness pullback rally which would take the index towards 24500-24600.
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