Nifty closed at 22735 with a gain of 92 points - Jainam Share Consultants
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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 22735 with a gain of 92 points. On the daily chart the index has formed a Bullish candle carrying either side shadows indicating extreme volatility. The chart pattern suggests that if Nifty crosses and sustains above 22780 level it would witness buying which would lead the index towards 22800-22900 levels. Important Supports for the day is around 22600 However if index sustains below 22600 then it may witness profit booking which would take the index towards 22500-22400 levels.
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Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities
