Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 16625 with a gain of 128 points - Jainam Share Consultant
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Nifty
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 16625 with a gain of 128 points. On the daily chart the index has formed a Bullish candle forming higher High - Low formation indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 16650 level it would witness buying which would lead the index towards 16700-16750 levels. Important Supports for the day is around 16500 However if index sustains below 16500 then it may witness profit booking which would take the index towards 16400-16370 levels.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
