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Nifty

Nifty opened on a flat note but buying led the index upwards to end near the high of the day. Nifty closed at 16131 with a gain of 246 points. On the daily chart index has formed a bullish candle and has closed above all time high representing positive bias a h e a d . The chart pattern suggests that if Nifty crosses and sustains above 16150 level it would witness buying which would lead the index towards 16210-16295 levels. Important Supports for the day is around 15900 However if index sustains below 15900 then it may witness profit booking which would take the index towards 15830-15750 levels.

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

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