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Nifty

Nifty opened on a flat note and remained in a small range throughout the day. Nifty closed at 19694 with a loss of 38 points. On the daily chart index has formed a bearish candle however it remained restricted within previous session's High-Low range indicating absence of strength on either side. The chart pattern suggests that if Nifty crosses and sustains above 19800 level it would witness buying which would lead the index towards 1990 0 -2 0 0 0 0 l evels. Important Supports for the day is around 19650 However if index sustains below 19650 then it may witness profit booking which would take the index towards 19600-19500 levels.

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