Nifty opened with an downward gap but witnessed buying from the opening tick to end positive

2025-02-20 09:27:14 am | Source: Jainam Share Consultants

Nifty opened with an downward gap but witnessed buying from the opening tick to end positive - Jainam Share Consultants

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Nifty

Nifty opened with an downward gap but witnessed buying from the opening tick to end positive. Nifty closed at 22917 with a loss of 28 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 22700 level it would witness selling which would lead the index towards 22600-22700 levels. However,if index crosses above 23100 level it would witness pullback rally which would take the index towards 23150-23250.

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Nifty opened with an downward gap but witnessed buying from the opening tick to end positive - Jainam Share Consultants

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