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Nifty

Nifty opened with an upward gap and remainedin positiveterra in throughout the day. Nifty closed at 17498 with a gain of 173 points. On the daily chart the index has formed a small Bullish candle carrying long lower shadow indicating buying support at lower levels. The cha rt pattern suggests that if Nifty crosses and sustains above 17525 level it would witness buying which would lead the index towards 17580-17650 levels. Important Supports for the day is around 17380 However if index sustains below 17380 then it may witness profit booking which would take the index towards 17320-17200 levels.

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