Nifty opened on a flat note but selling led the index downwards to end in red - Jainam
Nifty
Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 23635 with a loss of 144 points. On the daily chart index has formed a small bearish candle forming lower High-Low compare to previous session and has closed below previous session's low indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 23760 level it would witness buying which would lead the index towards 23890-24000 levels. Important Supports for the day is around 23600 However if index sustains below 23600 then it may witness profit booking which would take the index towards 23500-23400 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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