On the daily chart the index has formed a small Bearish candle with lower shadow indicating buying support at lowerlevels - Jainam Share Consultants
Nifty
Nifty opened on a positive note but selling pressure throughout the session dragged it lower to close in negative territory. Nifty closedat 23454with a loss of 79 points. On the daily chart the index has formed a small Bearish candle with lower shadow indicating buying support at lowerlevels. The chart pattern suggests that if Nifty breaks and sustains below 23350 level it would witness selling which would leadtheindextowards 23300-23150 levels. However if index crosses above 23500 level it would witness pullback rally which would take the indextowards23600-23700.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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