Important Supports for the day is around 19680 However if index sustains below 19680

17-10-2023 09:53 AM | Source: Jainam Share Consultants

Important Supports for the day is around 19680 However if index sustains below 19680 - Jainam Share Consultants

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Nifty

Nifty opened on a flat note and remained in a small range throughout the day. Nifty closed at 19732 with a loss of 19 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 19820 level it would witness buying which would lead the index towards 19900-20000 levels. Important Supports for the day is around 19680 However if index sustains below 19680 then it may witness profit booking which would take the index towards 19600-19500 levels.

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Important Supports for the day is around 19680 However if index sustains below 19680 - Jainam Share Consultants

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