Nifty opened on a positive note and witnessed consolidation in initial hours - Jainam Share Consultants
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Nifty
Nifty opened on a positive note and witnessed consolidation in initial hours. However buying momentum in second half lead index higher to close on positive note. Nifty closed at 21453 with a gain of 34 points. On the daily chart the index has formed a Bearish candle with long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 21500 level it would witness buying which would lead the index towards 2160 0 -2 1 6 5 0 l evels. Important Supports for the day is around 21300 However if index sustains below 21300 then it may witness profit booking which would take the index towards 21250-21200 levels.
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