Nifty Opens Lower, Selling Pressure Drags It to Day`s Lowest Point - Jainam Share Consultants
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Nifty
Nifty opened with an downward gap and selling pressure throughout the session dragged it lower to end near lowest point of the day. Nifty closed at 23559 with a loss of 324 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 23500 level it would witnessselling which would lead the index towards 23380-23320 levels. However if index crosses above 23700 level it would witness pullback rally which would take the index towards 23800-24000.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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