Nifty opened with a downward gap and selling pressure throughout the session dragged it lower to end negative - Jainam Share Consultants
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Nifty
Nifty opened with a downward gap and selling pressure throughout the session dragged it lower to end negative. Nifty closed at 25961withaloss of 226 points. On the daily chart index has formed a bearish candle forming lower High-Low compare to previous session andhasclosedbelow previous session's low indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 26050level it wouldwitness buying which would lead the index towards 26120-26200 levels. Important Supports for the day is around 25900 However if indexsustains below 25900 then it may witness profit booking which would take the index towards 25830-25690 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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