07-08-2024 09:34 AM | Source: Jainam Share Consultants
Nifty opened with an upward gap but witnessed selling - Jainam Share Consultants

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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