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Nifty

Nifty opened with an downward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 17610 with a loss of 6 points. On the daily chart Nifty has formed a bullish candle and remained restricted within previous session's High-Low range indicating absence of direction on eitherside. The chart pattern suggests that if Nifty breaks and sustains below 17450 level it would witness selling which would lead the index towards 17400-17300 levels. However if index crosses above 17650 level it would witness pullback rally which would take the index towards 17750-17800.

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

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