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Nifty

Nifty opened with an downward gap but witnessed buy ing from the opening tick to end near the day's high. Nifty closed at 22198 with a gain of 76 points. On the daily chart the index has formed a small bullish candle forming higher High-Low formation compare to previous session indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 22220 level it would witness buying which would lead the index towards 22300-22350 levels. Important Supports for the day is around 22050 However if index sustains below 22050 then it may witness profit booking which would take the index towards 22000-21900 levels.

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