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Nifty opened on a flat note and remained in a small range throughout the day. Nifty closed at 25212 with a gain of 16 points. On the daily chart
the index has formed a small Bearish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction.
The chart pattern suggests that if Nifty crosses and sustains above 25250 level it would witness buying which would lead the index towards
25300-25350 levels. Important Supports for the day is around 25120 However if index sustains below 25120 then it may witness profit booking
which would take the index towards 25000-24900 levels.

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