07-08-2024 09:34 AM | Source: Jainam Share Consultants
Nifty opened with an upward gap but witnessed selling - Jainam Share Consultants
Nifty
Nifty opened with an upward gap but witnessed selling from the opening tick to end negative. Nifty closed at 24031 with a loss of 25 points. On the daily chart the index has formed a Bearish candle with a long upper shadow indicating selling at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 23900 level it would witness selling which would lead the index towards 23800-23700 levels. However if index crosses above 24400 level it would witness pullback rally which would take the index towards 24500-24600
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
To Read Complete Report &
Disclaimer
Click Here
Views express by all participants are for information & academic purpose only. Kindly read
disclaimer before referring below views. Click Here For Disclaimer
Latest News
FIIs stood as net sellers in equities as per Novembe...
Weekly Market Outlook: Domestic Market in Correction...
India`s Marico says urban consumption revival to tak...
India`s Muthoot Finance posts higher Q2 profit on go...
India`s merchandise exports surge 17.25 pc in October
Exclusive-Blackstone eyes 20% stake in India Haldira...
Evening Roundup : A Daily Report on Bullion Energy &...
Thousands of fans gather outside theatres as actor S...
Will continue to invest in India market amid digitat...
Sell Silver Below 86700 SL Above 87500 TGT 85700/851...