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Nifty

Nifty opened on a flat note and remaned in a small range throughout the day. Nifty closed at 18691 with a gain of 26 points. On the daily chart the index has formed a Doji candle stick formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty breaks and sustains below 18645 level it would witness selling which would lead the index towards 18600-18500 levels. However if index crosses above 18725 level it would witness pullback rally which would take the index towards 18800-18900.

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

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