Nifty making lower lows since 3 sessions

Till Nifty holds below 24350 zones weakness could be seen towards 24000 then 23850 zones whereas hurdles can be seen at 24350 and 24500 zones

- Motilal Oswal Team

Nifty Index opened negative and continued to slip lower from the previous day's repercussions and slipped below to 24150 zones. It moved in swings within a range with overall weakness prevailing and closed with losses of around 140 points. It formed a bearish candle on daily frame and has been making lower lows from the last three sessions. Now till it holds below 24350 zones weakness could be seen towards 24000 then 23850 zones whereas hurdles can be seen at 24350 and 24500 zones.