Nifty opened with a downward gap and traded with extreme volatility on either side to end on negative 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 negative note. Nifty closed at 16302 with a loss of 109 points. On the daily chart the index has formed a Bullish candle carrying eitherside shadows indicating extreme volatility. The chart pattern suggests that if Nifty crosses and sustains above 16400 level it would witness buying which would lead the index towards 16 5 0 0 -1 6 5 5 0 l evels. Important Supports for the day is around 16140 However if index sustains below 16140 then it may witness profit booking which would take the index towards 16000-15900 levels.
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