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2026-05-21 10:33:50 am | Source: Jainam Broking Limited

News By Tags | #Sensex #MarketOutlook #Nifty #BankNifty #jainamBrokingLtd

Nifty

Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high. Nifty closed at 23659 with a gain of 41 points. On the daily chart index has formed a small bullish candle carrying lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty breaks and sustains below 23390 level it would witness selling which would lead the index towards 23300-23260 levels. However, if index crosses above 23700 level it would witness pullback rally which would take the index towards 23850-23950.

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