Nifty opened on a positive note and extended buying momentum in the first half however selling in the second half led the index lower to close near day`s low - Jainam Share Consultant
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Nifty
Nifty opened on a positive note and extended buying momentum in the first half however selling in the second half led the index lower to close near day's low. Nifty closed at 17076 with a loss of 56 points. On the daily chart index has formed a bearish candle however it manage to ma i nta i n h i g h e r Hi g h -l ow compa re to prev ious s e ssion indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 17226 level it would witness buying which would lead the index towards 17280- 17340 levels. Important Supports fo r t h e d ay is a ro u n d 1 7 0 5 0 However if index sustains below 17050 then it may witness profit booking which would take the index towards 16942-16830 levels.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
