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Nifty

Nifty opened on a flat note and witnessed extreme volatility on either side for most part of the session. However later hour buying momentum pulled index higher to end in green. Nifty closed at 15856 with a gain of 32 points. On the daily chart the index has formed a "Doji" candlestick formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 15900 level it would witness buying which would lead the index towards 15962 -16100 levels. Important Supports for the day is around 15770 However if index sustains below 15770 then it may witness profit booking which would take the index towards 15720-15580 levels.

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

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