Nifty opened with an upward gap and remainedin positive terrain throughout the day - Jainam Share Consultant
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Nifty
Nifty opened with an upward gap and remainedin positive terrain throughout the day. Nifty closed at 16975 with a gain of 312 points. On the daily chart the index has formed a long Bullish candle forming higher High-Low formation indicating positive biasThe chart pattern suggests that if Nifty crosses and sustains above 17000 level it would witness buying which would lead the index towards 17100- 17200 levels. Important Supports for the day is around 16830 However if index sustains below 16830 then it may witness profit booking which would take the index towards 16750- 16700 levels.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
