Nifty opened with an upward gap and remained in postive terrain in throughout the day - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and remained in postive terrain in throughout the day. Nifty closed at 17825 with a gain of 127 points. On the daily chart the index has formed a small bullish candle forming higher High-Low formation compare to previous session indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 17850 level it would witness buying which would lead the index towards 17900- 18000 levels. Important Supports for the day is around 17750 However if index sustains below 17750 then it may witness profit booking which would take the index towards 17700- 17600 levels.
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