On the daily chart the index has formed a Bearish candle with long lower shadow indicating buying support at lower levels - Jainam Share Consultants
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Nifty
Nifty opened on a positive note and traded with extreme volatility on either side and closed in a negative territory. . Nifty closed at 24781withaloss of 73 points. On the daily chart the index has formed a Bearish candle with long lower shadow indicating buying support at lower levels. Thechart pattern suggests that if Nifty breaks and sustains below 24680 level it would witness selling which would lead the index towards24600-24500 levels. However if index crosses above 25000 level it would witness pullback rally which would take the index towards 25100-25200.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
