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

2026-01-14 09:43:14 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 25732 with a loss of 58points. 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 crosses and sustains above 25800 level it would witness buying which would lead the index towards 25900-26000levels.Important Supports for the day is around 25600 However if index sustains below 25600 then it may witness profit booking whichwouldtakethe index towards 25550-25500 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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