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Nifty

Nifty opened with an upward gap and r em a i n e d i n p o siti v e t e rr a i n throughout the day. Nifty closed at 17108 with a gain of 119 points. On the daily chart the index has formed a small bullish candle forming higher High-Low formation compare to previous session indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 17150 level it would witness buying which would lead the index towards 17220- 17300 levels. Important Supports for the day is around 17000 However if index sustains below 17000 then it may witness profit booking which would take the index towards 16900- 16800 levels

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

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