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 22420 with a loss of 150 points. On the daily chart the index has formed a Bearish candle indicating selling at higher levels. The chart pattern suggests that if Nifty crosses and sustains above 22600 level it would witness buying which would lead the index towards 22700-22800 levels. Important Supports for the day is around 22300 However if index sustains below 22300 then it may witness profit booking which would take the index towards 22200-22000 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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