Nifty opened with an upward gap and witnessed selling for most part of the session - Jainam Share Consultant
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Nifty
Nifty opened with an upward gap and witnessed selling for most part of the session. However last hour pullback action pulled index higher to close on flat note. Nifty closed at 16595 with a gain of 250 points. On the daily chart the index has formed a Bearish candle with long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 16760 level it would witness buying which would lead the index towards 16800-16850 levels. Important Supports for the day is around 16450 However if index sustains below 16450 then it may witness profit booking which would take the index towards 16400-16350 levels.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
