Nifty opened with an upward gap and witnessed selling pressure in in the first half - Jainam Share Consultants
Nifty opened with an upward gap and witnessed selling pressure in in the first half. However, buying momentum in second half pulledindexhigher to close near the day's high.. Nifty closed at 24262 with a gain of 234 points. On the daily chart the index has formed a Bearishcandlewith long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty breaks and sustains below24080levelit would witness selling which would lead the index towards 24000-23900 levels. However, if index crosses above 24300 level it wouldwitnesspullback rally which would take the index towards 24420-24500.
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