Nifty opened on a flat note and witnessed ex treme volatility on eitherside for most part of the session - Jainam Share Consultants
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Nifty
Nifty opened on a flat note and witnessed ex treme volatility on eitherside for most part of the session. However later hour buying momentum pulled index higher to end in green. Nifty closed at 18103 with a gain of 229 points. On the daily chart index has formed a bullish candle and has closed above its past four session's consolidation range representing positive bias ahead. The chart pattern suggests that if Nifty crosses and sustains above 18123 level it would witness buying which would lead the index towards 18200-18340 levels. Important Supports for the day is around 17900 However if index sustains below 17900 then it may witness profit booking which would take the index towards 17800-17700 levels.
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