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Nifty

Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 19543 with a loss of 89 points. On the daily chart index has formed a bearish candle however it remained restricted within previous session's High-Low range indicating absence of strength on eitherside. The chart pattern suggests that if Nifty crosses and sustains above 19650 level it would witness buying which would lead the index towards 19700-19800 levels. Important Supports for the day is around 19460 However if index sustains below 19460 then it may witness profit booking which would take the index towards 19400-19300 levels.

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

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