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 Consultants
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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 17476 with a loss of 55 points. On the daily chart index has formed bearish candle but it manage to form higher High-Low compare to previous session indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 17670 level it would witness buying which would lead the index towards 17780-17900 levels. Important Supports for the day is around 17440 However if index sustains below 17440 then it may witness profit booking which would take the index towards 17380-17340 levels.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
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