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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 17536 with a gain of 121 points. On the daily chart index has formed a bullish candle however it has continue to form lower High-Low compare to previous session indicating negative sign. The chart pattern suggests that if Nifty crosses and sustains above 17550 level it would witness buying which would lead the index towards 17680-17750 levels. Important Supports for the day is around 17350 However if index sustains below 17350 then it may witness profit booking which would take the index towards 17200-17000 levels.

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

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