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Nifty

Nifty opened with an downward gap and remained in positive terrain throughout the day. Nifty closed at 15824 with a loss of 32 points. On the daily chart the index has formed a small Bearish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 15900 level it would witness buying which would lead the index towards 15 9 6 2 -1 6 1 0 0 l evels. Important Supports for the day is around 15770 However if index sustains below 15770 then it may witness profit booking which would take the index towards 15720-15580 levels.

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
 

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