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Nifty

Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 25355 with a loss of 121 points. Onthedailychartindex has formed a sizable bearish candle forming lower High-Low compare to previous session and has closed below previous 6session'slowindicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 25525 level it would witness buying whichwouldlead the index towards 25600-25680 levels. Important Supports for the day is around 25340 However if index sustains below25340thenitmaywitness profit booking which would take the index towards 25300-25250 levels.

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