Nifty crosses and sustains above 21970 level it would witness buying - Jainam Share Consultant
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Nifty
Nifty opened with an upward gap and remained in positive terra in throughout the day. Nifty closed at 21929 with a gain of 158 points. On the daily chart index has formed a bullish candle however it remained restricted within previous session's High-Low range indicating absence of strength on eitherside. The chart pattern suggests that if Nifty crosses and sustains above 21970 level it would witness buying which would lead the index towards 22050-22100 levels. Important Supports for the day is around 21720 However if index sustains below 21720 then it may witness profit booking which would take the index towards 21650-21500 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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