Nifty Recovers From Gap-Down to Close Strong

2026-07-27 09:01:08 am | Source: jainam

Nifty Recovers From Gap-Down to Close Strong - Jainam

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Nifty

Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high. Nifty closed at 23767 with a loss of 102 points. On the daily chart index has formed a bullish candle however it has continued to form lower High-Low compare to previous session indicating negative sign. The chart pattern suggests that if Nifty breaks and sustains below 23600 level it would witness selling which would lead the index towards 23500-23400 levels. However, if index crosses above 23825 level it would witness pullback rally which would take the index towards 23900-24000.

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Nifty Recovers From Gap-Down to Close Strong - Jainam

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