Nifty opened with an upward gap but witnessed selling from the opening tick to end negative - Jainam Share Consultants

Nifty
Nifty opened with an upward gap but witnessed selling from the opening tick to end negative. Nifty closed at 24744 with a gain of 9points. Onthe daily chart the index has formed a Bearish candle with long lower shadow indicating buying support at lower levels. The chart patternsuggests that if Nifty breaks and sustains below 2600 level it would witness selling which would lead the index towards 24550-24500levels.However, if index crosses above 24850 level it would witness pullback rally which would take the index towards
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The Nifty 50 ended the week at 24,894, extending its rebound with weekly gains of nearly 1% ...


