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Nifty

Nifty opened with an downward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 19365 with a loss of 100 points. On the daily chart index has formed a bearish 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 19462 level it would witness buying which would lead the index towards 19500-19560 levels. Important Supports for the day is around 19325 However if index sustains below 19325 then it may witness profit booking which would take the index towards 19250-19200 levels.

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

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