Nifty opened with an upward gap and witnessed extreme volatility throughout the day

2024-05-07 10:13:14 am | Source: Jainam Share Consultants

Nifty opened with an upward gap and witnessed extreme volatility throughout the day - Jainam Share Consultants

News By Tags | #Sensex #MarketOutlook #Nifty #BankNifty #JainamShareConsultants

Nifty

Nifty opened with an upward gap and witnessed extreme volatility throughout the day. Nifty closed at 22443 with a loss of 33 points. On the daily chart the index has formed a Bearish candle with an upper shadow indicating selling at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 22350 level it would witness selling which would lead the index towards 22200-22000 levels. However if index crosses above 22600 level it would witness pullback rally which would take the index towards 22750-22800

Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785

To Read The Complete Report & Disclaimer - Click Here

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Nifty opened with an upward gap and witnessed extreme volatility throughout the day - Jainam Share Consultants

Top News

Tag News

More News