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Nifty

Nifty opened with an upward gap and remainedin positive terra in throughout the day. Nifty closed at 17780 with a gain of 203 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 17800 level it would witness buying which would lead the index towards 17950- 18000 levels. Important Supports for the day is around 17670 However if index sustains below 17670 then it may witness profit booking which would take the index towards 17600- 17500 levels.

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

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