04-11-2024 09:55 AM | Source: Jainam Share Consultants
The chart pattern suggests that if Nifty breaks and sustains below 24170 level it would witness selling whichwouldleadthe index towards 24100-24000 levels - Jainam Share Consultants

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Nifty

Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 24205 with a loss of 136 points. On thedailychartindex has formed a small bearish candle forming lower High-Low compare to previous session and has closed below previous session'slowindicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below 24170 level it would witness selling whichwouldleadthe index towards 24100-24000 levels. However if index crosses above 24380 level it would witness pullback rally which would taketheindextowards 24500-24600

 

 

Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer