On the daily chart the index has formed a Bearish candle with a long upper shadow indicating selling at higher levels - 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 25797withalossof14 points. On the daily chart the index has formed a Bearish candle with a long upper shadow indicating selling at higher levels. The chart patternsuggests that if Nifty breaks and sustains below 24850 level it would witness selling which would lead the index towards 24900-24750levels.However if index crosses above 25850 level it would witness pullback rally which would take the index towards 25800-25900.
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