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However if index sustains below 17630 then it may witness profit booking - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 17659 with a gain of 124 points. On the daily chart the index has formed a small Bearish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 17720 level it would witness buying which would lead the index towards 17 8 0 0 -1 7 8 5 0 l evels. Important Supports for the day is around 17630 However if index sustains below 17630 then it may witness profit booking which would take the index towards 17570-17440 levels.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
