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 19742 with a loss of 159 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 breaks and sustains below 19700 level it would witness selling which would lead the index towards 19650-19600 levels. However if index crosses above 19900 level it would witness pullback rally which would take the index towards 20000-20100.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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