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Nifty

Nifty opened with an upward gap and rmainedin positive terrain throughout the day. Nifty closed at 17352 with a gain of 510 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 17380 level it would witness buying which would lead the index towards 17420- 17500 levels. Important Supports for the day is around 17280 However if index sustains below 17280 then it may witness profit booking which would take the index towards 17170- 17000 levels

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

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