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Nifty

Nifty opened on a flat note and witnessed selling pressure in the initial half of the day. However later hour buying led index to end with minor
loss. Nifty closed at 25082 with a loss of 273 points. On the daily chart the index has formed a small Bearish candle with lower shadow indicating
buying support at lower levelsThe chart pattern suggests that if Nifty crosses and sustains above 25160 level it would witness buying which
would lead the index towards 25250-25300 levels. Important Supports for the day is around 25000 However if index sustains below 25000 then
it may witness profit booking which would take the index towards 24950-24900 levels

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