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Nifty

Nifty opened with an upward gap and r ema i n e d i n p o siti v e t e rr a i n throughout the day. Nifty closed at 22122 with a gain of 82 points. On the daily chart the index has formed a "Doji" candlestick formation indicating indec isiveness among st mar ket participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 22190 level it would witness buying which would lead the index towards 22250-22300 levels. Important Supports for the day is around 22020 However if index sustains below 22020 then it may witness profit booking which would take the index towards 21950-21900 levels

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