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Index has formed a long Bullish candle forming higher High-Low formation indicating positive bias - Jainam Share Consultants
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Nifty
Nifty opened on a flat note however strong buying momentum from the opening tick led it to end near the day's high. Nifty closed at 24835 with a gain of 429 points. On the daily chart the index has formed a long Bullish candle forming higher High-Low formation indicating positive bias. The chart pattern suggests that if Nifty breaks and sustains below 24600 level it would witness selling which would lead the index towards 24500-24400 levels. However if index crosses above 24850 level it would witness pullback rally which would take the index towards 24900-25000
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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