Nifty opened with downward gap and extended its down move in initial hours making day low around 22800

2025-02-13 09:42:08 am | Source: Jainam Share Consultants

Nifty opened with downward gap and extended its down move in initial hours making day low around 22800 - Jainam Share Consultants

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Nifty

Nifty opened with downward gap and extended its down move in initial hours making day low around 22800. However, buyingsupportatlower levels recovered earlier losses but still ended with a negative note.. Nifty closed at 23060 with a loss of 12 points. On the dailycharttheindex has formed a Bearish candle with a long lower shadow indicating buying at lower levels. The chart pattern suggests that if Niftybreaksand sustains below 22800 level it would witness selling which would lead the index towards 22800-22700 levels. However, if indexcrossesabove 23200 level it would witness pullback rally which would take the index towards 23300-23400

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Nifty opened with downward gap and extended its down move in initial hours making day low around 22800 - Jainam Share Consultants

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