Nifty opened with a downward gap and selling pressure throughout the session drag ged it lower to end negative - Jainam Share Consultants
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Nifty
Nifty opened with a downward gap and selling pressure throughout the session drag ged it lower to end negative. Nifty closed at 16606 with a loss of 188 points. On the daily chart index has formed a bullish 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 16700 level it would witness buying which would lead the index towards 16 8 0 0 -1 6 9 0 0 l evels. Important Supports for the day is around 16350 However if index sustains below 16350 then it may witness profit booking which would take the index towards 16300-16200 levels.
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