Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 15097 with a gain of 115 points. On the daily chart the index has formed a small Bullish candle with upper shadow indicating selling pressure as well as resistance at higher levels. The chart pattern suggests that if Nifty crosses and sustains above 15180 level it would witness buying which would lead the index towards 15250-15314 levels. However if index breaks below 15000 level it would witness selling which would take the index towards 14730- 14675.
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