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

27-11-2024 09:56 AM | Source: Jainam Share Consultants

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

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Nifty

Nifty opened with an upward gap but witnessed selling from the opening tick to end negative. Nifty closed at 24195 with a loss of 27points. Onthe daily chart index has formed a small bearish candle representing resistance at higher levels.The chart pattern suggests that if Nifty crosses and sustains above 24370 level it would witness buying which would lead the index towards 24450-24500 levels. Important Supports for thedayis around 24120 However if index sustains below 24120 then it may witness profit booking which would take the index towards 24050-24000 levels.

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

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