Nifty opened with downward gap and extended its down move in initial hours making day low around 18660 - Jainam Share Consultants
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Nifty
Nifty opened with downward gap and extended its down move in initial hours making day low around 18660. However buying support at lower levels recovered most of the earlier losses to end on a positive note.. Nifty closed at 18817 with a gain of 61 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 breaks and sustains below 18710 level it would witness selling which would lead the index towards 18600-18500 levels. However if index crosses above 18840 level it would witness pullback rally which would take the index towards 18900-19000.
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