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 22303 with a loss of 140 points. On the daily chart the index has formed a long Bearish candle forming lower High-Low compare to previous session indicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below 22250 level it would witness selling which would lead the index towards 22200- 22000 levels. However if index crosses above 22500 level it would witness pullback rally which would take the index towards 22550-22600.
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