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 21513 with a loss of 198 points. On the daily chart index has formed a sizable bearish candle and closed below previous session's low indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 21600 level it would witness buying which would lead the index towards 21700-21800 levels. Important Supports for the day is around 21490 However if index sustains below 21490 then it may witness profit booking which would take the index towards 21450-21400 levels
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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