The chart pattern suggests that if Nifty breaks and sustains below 15160 level - Jainam Share Consultant
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Nifty
Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 15208 with a gain of 11 points. On the daily chart index has formed a small bearis hcandle representing resistance at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 15160 level it would witness selling which would lead the index towards 15140-15000 levels. However if index crosses above 15300 level it would witness pullback rally which would take the index towards 15350-15430.
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