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Nifty

Nifty opened with an upward gap and witnessed selling for most part of the session. However last hour pullback action pulled index higher to close on flat note. Nifty closed at 17248 with a gain of 27 points. On the daily chart the index has formed a Bearish candle with lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 17380 level it would witness buying which would lead the index towards 17450-17520 levels. Important Supports for the day is around 17180 However if index sustains below 17180 then it may witness profit booking which would take the index towards 17100-17000 levels.

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

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