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 flat note. Nifty closed at 19993 with a loss of 3 points. On the daily chart, the price movement has taken a shape of Bearish Belt Hold candle carrying lower side shadows with open and high level are same representing selling from the opening level. The chart pattern suggests that if Nifty breaks and sustains below 19900 level it would witness selling which would lead the index towards 19850-19800 levels. However if index crosses above 20110 level it would witness pullback rally which would take the index towards 20150-20200.
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