The chart pattern suggests that if Nifty breaks and sustains below 24170 level it would witness selling whichwouldleadthe index towards 24100-24000 levels

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

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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

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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

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