Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high - Jainam Share Consultants
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Nifty
Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high. Nifty closed at 17992 with a gain of 46 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 18050 level it would witness buying which would lead the index towards 18 1 0 0 -1 8 2 0 0 l evels. Important Supports for the day is around 17840 However if index sustains below 17840 then it may witness profit booking which would take the index towards 17760-17700 levels.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
