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Nifty

Nifty opened with a downward gap and traded with extreme volatility on either side to end on negative note. Nifty closed at 18666 with a loss of 106 points. On the daily chart the index has formed a Bearish candle forming lower High-Low compare to previous session indi cating negative bias. The chart pattern suggests that if Nifty breaks and sustains below 18650 level it would witness selling which would lead the index towards 18600-18500 levels. However if index crosses above 18760 level it would witness pullback rally which would take the index towards 18850-18900.

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

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