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Nifty

Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 15301 with a gain of 93 points. On the daily chart the index has formed a small bullish candle forming higher High-Low formation compare to previous session indicating positive bias. The chart pattern suggests that if Nifty breaks and sustains below 15200 level it would witness selling which would lead the index towards 15145-15000 levels. However if index crosses above 15320 level it would witness pullback rally which would take the index towards 15350-15430.

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

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