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Nifty

Nifty opened with an upward gap and r emainedin positiveterra in throughout the day. Nifty closed at 17393 with a gain of 256 points. On the daily chart the index has formed a long Bullish candle forming higher High-Low formation indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 17415 level it would witness buying which would lead the index towards 17600- 17660 levels. Important Supports for the day is around 17200 However if index sustains below 17200 then it may witness profit booking which would take the index towards 17100- 17000 levels.

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

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