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 25145 with a loss of 54 points. On the daily chart index has formed bearish candle but it manage to form higher High-Low compare to previous session indicating positive bias. The chart pattern suggests that if Nifty breaks and sustains below 25120 level it would witness selling which would lead the index towards 25000- 24950 levels. However if index crosses above 25280 level it would witness pullback rally which would take the index towards 25350-25500.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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