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Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day`s high - Jainam Share Consultants
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Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high. Nifty closed at 25199 with a loss of 81 points. On the daily chart index has formed a bullish candle however it has formed lower High-Low compare to previous session indicating negative sign. The chart pattern suggests that if Nifty breaks and sustains below 25080 level it would witness selling which would lead the index towards 25000-24950 levels. However if index crosses above 25220 level it would witness pullback rally which would take the index towards 25300-25400
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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