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Nifty opened with an downward gap and selling pressure throughout the session dragged it lower to end near lowest point of the day - Jainam Share Consultant
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Nifty
Nifty opened with an downward gap and selling pressure throughout the session dragged it lower to end near lowest point of the day. Nifty closed at 14359 with a loss of 258 points. On the daily chart index has formed a bullish candle however it has continue to form lower High- Low compare to previous session indicating negative sign. The chart pattern suggests that if Nifty breaks and sustains below 14250 level it would witness selling which would lead the index towards 14190- 14131 levels. However if index crosses above 14400 level it would witness pullback rally which would take the index towards 14585- 14670.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
