Nifty opened with an downward gap and remained lackluster within narrow trading range throughout the day - Jainam Share Consultant
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Nifty
Nifty opened with an downward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 17369 with a gain of 16 points. On the daily chart index has formed a bullish c a n d l e h owe v e r it r ema i n e d 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 17440 level it would witness buying which would lead the index towards 17490- 17550 levels. Important Supports fo r t h e d ay is a ro u n d 1 7 2 5 0 However if index sustains below 17250 then it may witness profit booking which would take the index towards 17200-17050 levels.
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