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Nifty

Nifty opened on a flat note but buying led the index upwards to end in the green. Nifty closed at 14896 with a gain of 106 points. On the daily chart the index has formed a small bullish candle f o r m i n g h i g h e r H i g h - L o w formation compare to previous session indicating positive bias. The chart pattern suggests that if Nifty breaks and sustains below 14700 level it would witness selling which would lead the index towards 14574-14469 levels. However if index crosses above 14913 level it would witness pullback rally which would take the index towards 15000-15200.

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

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