Nifty opened with downward gap and selling pressure throughout the session led it to close near day's low -Jainam Share Consultants
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Nifty
Nifty opened with downward gap and selling pressure throughout the session led it to close near day's low. Nifty closed at 17174 with a loss of 302 points. On the daily chart the index has formed a Doji candlestick formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 17240 level it would witness buying which would lead the index towards 17 3 0 0 -1 7 3 5 0 l evels. Important Supports for the day is around 17065 However if index sustains below 17065 then it may witness profit booking which would take the index towards 17000-16900 levels.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
