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Nifty

Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 14790 with a gain of 142 points. On the daily chart the index has formed a small Bullish candle carr y ing long lower s h a d ow i n d i c a ti n g b u y i n g support at lower levels. The chart pattern suggests that if Nifty breaks and sustains below 14574 level it would witness selling which would lead the index towards 14469-14333 levels. However if index crosses above 14870 level it would witness pullback rally which would take the index towards 15000-15200.

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785

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