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Nifty opened with a downward gap but witnessed buying momentum in the first half however selling in the second half led the indexlowertoclose near day's low. Nifty closed at 25666 with a loss of 67 points. On the daily chart the index has formed a small Bearish candle with shadowson either side indicating indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 25800 level it would witness buying which would lead the index towards 25900-26000 levels. Important Supports for thedayisaround 25600 However if index sustains below 25600 then it may witness profit booking which would take the index towards 25550-25500 levels.

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