Nifty opened with an upward gap and witnessed selling pressure in initial hours - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and witnessed selling pressure in initial hours. However buying momentum in second half pulled index higher to close near the day's high. Nifty closed at 16170 with a gain of 144 points. On the daily chart the index has formed a small Bullish candle carrying long lower shadow indicating buying support at lower levels. The cha rt pattern suggests that if Nifty crosses and sustains above 16205 level it would witness buying which would lead the index towards 16300-16400 levels. Important Supports for the day is around 15900 However if index sustains below 15900 then it may witness profit booking which would take the index towards 15800-15700 levels.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
