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

2026-08-10 09:18:50 am | Source: Jainam

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

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Nifty

Nifty opened with a downward gap but remained in a small range throughout the day. Nifty closed at 24571 with a loss of 65 points. On the daily chart the index has formed a Bullish candle with a upper shadow indicating selling at higher levels. The chart pattern suggests that if Nifty crosses and sustains above 24700 level it would witness buying which would lead the index towards 24800-24900 levels. Important Supports for the day is around 24500 However if index sustains below 24500 then it may witness profit booking which would take the index towards 24420-24300 levels

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

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