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 TECHNICAL VIEW
Nifty opened with downward gap and selling pressure throughout the session dragged it lower to end near lowest point of the day . Niftyclosedat 24543 with a loss of 174 points. On the daily chart index has formed a sizable bearish candle indicating negative bias. The chart patternsuggests that if Nifty crosses and sustains above 24660 level it would witness buying which would lead the index towards 24850-24900levels.Important Supports for the day is around 24460 However if index sustains below 24460 then it may witness profit booking whichwouldtakethe index towards 24400-24300 levels.
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