Nifty opened with a downward gap and selling pressure throughout the session dragged it lower to end negative - Jainam Broking Ltd
Nifty
Nifty opened with a downward gap and selling pressure throughout the session dragged it lower to end negative . Nifty closed at 22820withaloss of 487 points. On the daily chart the index has formed a long Bearish candle forming lower High-Low compare to previous sessionindicatingnegative bias. The chart pattern suggests that if Nifty breaks and sustains below 22800 level it would witness selling which wouldleadtheindextowards 22650-22500 levels. However, if index crosses above 23000 level it would witness pullback rally which would take the indextowards23100-23250.

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