Nifty opened with a downward gap and traded with extreme volatility on either side to end on negative note - Jainam Share Consultants
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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 17711 with a loss of 37 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 17950 level it would witness buying which would lead the index towards 18000-18200 levels. Important Supports for the day is around 17575 However if index sustains below 17575 then it may witness profit booking which would take the index towards 17520-17480 levels.
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