Nifty opened with an upward gap and witnessed selling for most part of the session -Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and witnessed selling for most part of the session. However last hour pullback action pulled index higher to close on positive note. Nifty closed at 22515 with a gain of 61 points. On the daily chart the index has formed a Bearish c a n d l e w i t h l o n g l o w e r s h a d o w indicating buying support at lower levels. The chart pattern suggests that if Nifty breaks and sustains below 22300 level it would witness selling which would lead the index towards 22250-22200 levels. However if index crosses above 22600 level it would witness pullback rally which would take the index towards 22650-22700
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