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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 18268 with a gain of 143 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 18310 level it would witness buying which would lead the index towards 18380- 18450 levels. Important Supports for the day is around 18100 However if index sustains below 18100 then it may witness profit booking which would take the index towards 17970- 17860 levels.

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

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