The chart pattern suggests that if Nifty crosses and sustains above 14500 level -
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Nifty
Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day's low. Nifty closed at 14325 with a loss of 225 points. On the daily chart the index has formed a long Bearish candle forming lower High- Low compare to previous session indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 14500 level it would witness buying which would lead the index towards 14575- 14675 levels. However if index breaks below 14260 level it would witness selling which would take the index towards 14000-13960.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
