Nifty opened on a flat note but selling led the index downwards to end near the low of the day - Jainam Share Consultants
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Nifty
Nifty opened on a flat note but selling led the index downwards to end near the low of the day. Nifty closed at 26032 with a loss of 144points.On the daily chart the index has formed a small Bullish candle with shadows on either side indicating indecisiveness amongst participantsregarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 26090 level it would witness buying whichwouldlead the index towards 26200-26300 levels. Important Supports for the day is around 26000 However if index sustains below26000thenitmaywitness profit booking which would take the index towards 25900-25800 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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