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Daily Technical View on Nifty

* Nifty ended lower on Sept 05 for the second day.

* At close, Nifty was down 0.21% or 53.6 points at 25145.10.

* Cash market volumes on the NSE were 4.2% higher than the previous day.

* Broad market indices ended in the positive even as the advance decline ratio remained positive at 1.44:1.

* Nifty could not sustain the opening gains on Sept 05 and ended marginally in the negative.

* Nifty has made bearish dark cloud cover candlestick pattern on the daily chart. However pattern is not formed at top and therefore carries less significance.

* It now seems to be in a consolidation mode. Nifty could stay in the 25010-25320 band for the near term.

* The broader market continues to do well as new age stocks and newly listed stocks continue to be favorites for traders.

* Healthcare and IT sectors are in continuation of an uptrend

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