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Nifty

Nifty opened on a flat note and remainedna small range throughout the day. Nifty closed at 17532 with a loss of 86 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 17560 level it would witness buying which would lead the index towards 17650-17700 levels. Important Supports for the day is around 17450 However if index sustains below 17450 then it may witness profit booking which would take the index towards 17380- 17320 levels.

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

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