Nifty opened with a downward gap but remained in a small range throughout the day

2025-04-11 09:20:08 am | Source: Jainam Share Consultants

Nifty opened with a downward gap but remained in a small range throughout the day - Jainam Share Consultants

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Nifty

Nifty opened with a downward gap but remained in a small range throughout the day. Nifty closed at 22399 with a loss of 137 points. Onthedaily chart Nifty has formed a small bearish candle and remained restricted within previous session's High-Low range indicatingabsenceofdirection on eitehrside. The chart pattern suggests that if Nifty crosses and sustains above 22470 level it would witness buying whichwouldleadthe index towards 22600-22700 levels. Important Supports for the day is around 22350 However if index sustains below22350thenitmaywitness profit booking which would take the index towards 22300-22200 levels.

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Nifty opened with a downward gap but remained in a small range throughout the day - Jainam Share Consultants

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