Nifty Ends Near Day’s Low After Early Strength Fades - Jainam Share Consultants
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Nifty
Nifty opened on a positive note but witnessed buying momentum in the first half however selling in the second half led the indexlowertoclose near day's low. Nifty closed at 25694 with a gain of 29 points. On the daily chart the index has formed a small Bearish candlewithuppershadow indicating selling pressure as well as resistance at higher levels. The chart pattern suggests that if Nifty breaks and sustains below25650level it would witness selling which would lead the index towards 25600-25500 levels. However, if index crosses above 25870level it wouldwitness pullback rally which would take the index towards 25950-26000.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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