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Nifty

Nifty opened on flat note and witnessed profit booking in initial hour however buying momentum throughout the session led it to close near day's high. Nifty closed at 24354 with a gain of 157 points. On the daily chart index has formed a sizable bullish candle and has closed above past three session's high which signals strength ahead. The chart pattern suggests that if Nifty crosses and sustains above 24380 level it would witness buying which would lead the index towards 24530-24600 levels. Important Supports for the day is around 24230 However if index sustains below 24230 then it may witness profit booking which would take the index towards 24150-24000 levels.

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