If Nifty crosses and sustains above 15760 level it would witness buying which would lead the index towards 15840- 15900 levels - Jainam Share Consultant
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Nifty
Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 15680 with a loss of 42 points. On the daily chart the index has formed a long Bearish candle forming lower High- Low compare to previous session indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 15760 level it would witness buying which would lead the index towards 15840- 15900 levels. Important Supports fo r t h e d ay is a ro u n d 1 5 6 5 0 However if index sustains below 15650 then it may witness profit booking which would take the index towards 15600-15500 levels.
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