Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day`s low

2025-09-05 09:24:43 am | Source: Jainam Share Consultants

Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day`s low - Jainam Share Consultants

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Nifty

Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day's low. Nifty closed at 24734 withagainof19points. On the daily chart index has formed a sizable bearish candle indicating negative bias. The chart pattern suggests that if Niftybreaksandsustains below 24700 level it would witness selling which would lead the index towards 24650-24600 levels. However, if index crossesabove24850 level it would witness pullback rally which would take the index towards 24900-25000.

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Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day`s low - Jainam Share Consultants

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