Nifty rose early on buying, but late selling dragged it to close near day`s low

2025-09-09 09:16:49 am | Source: Jainam Share Consultants

Nifty rose early on buying, but late selling dragged it to close near day`s low - Jainam Share Consultants

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Nifty

Nifty opened on a positive note and extended buying momentum in the first half however selling in the second half led the indexlowertoclose near day's low. Nifty closed at 24773 with a gain of 32 points. On the daily chart the index has formed a Bearish candle withalonguppershadow indicating selling at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 24750 level it wouldwitnesssellingwhich would lead the index towards 24650-24550 levels. However, if index crosses above 24900 level it would witness pullbackrallywhichwould take the index towards 24980-25050.

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Nifty rose early on buying, but late selling dragged it to close near day`s low - Jainam Share Consultants

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