Nifty opened with downward gap and selling pressure throughout the session led it to close near day`s low - Jainam Share Consultants
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Nifty
Nifty opened with downward gap and selling pressure throughout the session led it to close near day's low. Nifty closed at 21571.95 with a loss of 460.35 points. On the daily chart the index has formed a Bearish candle with a long upper shadow indicating selling at higher levels. The chart pattern suggests that if Nifty crosses and sustains above 21800 level it would witness buying which would lead the index towards 22000- 22100 levels. Important Supports for the day is around 21500 However if index sustains below 21500 then it may witness profit booking which would take the index towards 21450-21300 levels.
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