On the daily chart index has formed a small bearish candle representing resistance at higher levels - Jainam Share Consultants
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Nifty
Nifty opened on a positive note but selling pressure throughout the session dragged it lower to close in negative territory. Nifty closedat 25797with a loss of 14 points. On the daily chart index has formed a small bearish candle representing resistance at higher levels.The chart patternsuggests that if Nifty breaks and sustains below 25000 level it would witness selling which would lead the index towards 24900-24750levels.However if index crosses above 25200 level it would witness pullback rally which would take the index towards 25240-25350.
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