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Nifty

Nifty on a flat note and witnessed extreme volatility on either side for most part of the session. However later hour buying momentum pulled index higher to end in green. Nifty closed at 14581 with a gain of 77 points. On the daily chart the index has formed a small Bullish candle carrying long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 14600 level it would witness buying which would lead the index towards 14650-14720 levels. However if index breaks below 14250 level it would witness selling which would take the index towards 14000-13800.

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785

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