Nifty opened with an upward gap and remained lackluster within narrow trading - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 18119 with a gain of 91 points. On the daily chart the index has formed a "Doji" candlestick formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty breaks and sustains below 18000 level it would witness selling which would lead the index towards 17950-17900 levels. However if index crosses above 18200 level it would witness pullback rally which would take the index towards 18250-18300.
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