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Nifty

Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 23432 with a loss of 257 points. Onthedailychartindex has formed a small bearish candle forming lower High-Low compare to previous session and has closed belowprevious session'slowindicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 23600 level it would witness buying whichwouldlead the index towards 23700-23800 levels. Important Supports for the day is around 23350 However if index sustains below23350thenitmaywitness profit booking which would take the index towards 23300-23250 levels.

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