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Nifty

Nifty opened on a flat note and remained in a small range throughout the day. Nifty closed at 25542 with a gain of 25 points. Onthedailychartthe index has formed a "Doji" candlestick formation indicating indecisiveness amongst market participants regarding the direction. Thechartpattern suggests that if Nifty crosses and sustains above 25600 level it would witness buying which would lead the index towards 25700-25750levels. Important Supports for the day is around 25470 However if index sustains below 25470 then it may witness profit booking whichwouldtake the index towards 25400-25350 levels.

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