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Nifty

Nifty opened on a positive note and strong buying momentum in lead the index higher to close near the day's high. Nifty closed at 17759 with a gain o f 4 4 6 p o i n ts. T h e d a i l y p ri c e movement has taken a shape of sizable bullish candle and covered almost past six sessions losses indicating fastest recovery. The chart pattern suggests that if Nifty crosses and sustains above 17780 level it would witness buying which would lead the index towards 17850-18000 levels. However if index breaks below 17600 level it would witness selling which would take the index towards 17500-17400

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

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