Nifty opened weak, rebounded at lows, but selling capped gains - Jainam Share Consultants
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Nifty
Nifty opened on a negative note but witnessed pullback rally at lower levels however selling pressure at higher levels dragged index tocloseona flat note. Nifty closed at 25816 with a loss of 3 points. On the daily chart the index has formed a Bullish candle with a upper shadowindicatingselling at higher levels. The chart pattern suggests that if Nifty crosses and sustains above 25900 level it would witness buying whichwouldleadthe index towards 25950-26000 levels. Important Supports for the day is around 25720 However if index sustains below25720thenitmaywitness profit booking which would take the index towards 25680-25580 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
