Nifty opened lower but buying at lows pushed it to close near the day`s high -Jainam Share Consultants
Nifty
Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high. Nifty closedat 25695with a gain of 121 points. On the daily chart the index has formed a strong Bullish candle carrying long lower shadow indicating buyingsupportat lower levels. The chart pattern suggests that if Nifty crosses and sustains above 25720 level it would witness buying which wouldleadtheindex towards 25800-25860 levels. Important Supports for the day is around 25600 However if index sustains below 25600 thenit maywitnessprofit booking which would take the index towards 25500-25450 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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