Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day`s low - Jainam Share Consultants
NIFTY TECHNICAL VIEW
Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day's low. Nifty closed at 25061 withalossof30points. On the daily chart index has formed a small bearish candle representing resistance at higher levels. The chart pattern suggeststhatifNifty breaks and sustains below 25030 level it would witness selling which would lead the index towards 24900-24850 levels. However, if indexcrosses above 25200 level it would witness pullback rally which would take the index towards 25250-25300.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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