Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day - 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 17895 with a gain of 105 points. On the daily chart the index has formed a small bullish candle w i t h s h a d o w s o n e i t h e r si d e representing extreme volatility as well as indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 17950 level it would witness buying which would lead the index towards 18000-18200 levels. Important Supports for the day is around 17840 However if index sustains below 17840 then it may witness profit booking which would take the index towards 17760-17700 levels.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
