Nifty opened with a downward gap and traded with extreme volatility on either side to end on a flat note - Jainam Share Consultant
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Nifty
Nifty opened with a downward gap and traded with extreme volatility on either side to end on a flat note. Nifty closed at 15780 with a loss of 19 points. On the daily chart the index has formed a Doji candlestick formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 15890 level it would witness buying which would lead the index towards 15 9 5 0 -1 6 0 0 0 l evels. Important Supports for the day is around 15680 However if index sustains below 15680 then it may witness profit booking which would take the index towards 15600-15500 levels.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
