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Nifty

Nifty opened with an upward gap and witnessed consolidation for most part of the session. However last hour pullback action pulled index higher to close near the day's high. Nifty closed at 15098 with a gain of 142 points. On the daily chart the index has formed a small Bullish candle carrying long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 15127 level it would witness buying which would lead the index towards 15200-15280 levels. Important Supports for the day is around 14860 However if index sustains below 14860 then it may witness profit booking which would take the index towards 14980-14760 levels.

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

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