Nifty opened with downward gap and selling pressure throughout the session dragged it lower to end near lowest point of the day - Jainam Share Consultants
Nifty
Nifty opened with downward gap and selling pressure throughout the session dragged it lower to end near lowest point of the day . Nifty closed at 24336 with a loss of 332 points. On the daily chart the index has formed a long Bearish candle forming lower High-Low compare to previous session indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 24400 level it would witness buying which would lead the index towards 24500-24650 levels. Important Supports for the day is around 24300 However if index sustains below 24300 then it may witness profit booking which would take the index towards 24200-24100 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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