Nifty opened on a flat note and witnessed extreme volatility on either side for most part of the session - Jainam Share Consultants
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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 18701 with a gain of 5 points. On the daily chart the index has formed a small Bullish candle carrying long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 18730 level it would witness buying which would lead the index towards 18800-18900 levels. However if index breaks below 18600 level it would witness selling which would take the index towards 18550-18500.
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