Nifty opened on a positive note and extended buying momentum in the first half however selling in the second half led - Jainam Share Consultants
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Nifty
Nifty opened on a positive note and extended buying momentum in the first half however selling in the second half led the index lower to close near day's low. Nifty closed at 25416 with a gain of 38 points. On the daily chart the index has formed a Bearish candle with a long upper shadow indicating selling at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 25370 level it would witness selling which would lead the index towards 25300-25200 levels. However if index crosses above 25500 level it would witness pullback rally which would take the index towards 25550-25600.
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