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Nifty

Nifty opened with a flat note and witnessed consolidation for most part of the session. However last hour pullback action pulled index higher to
close near the day's high. Nifty closed at 25461 with a gain of 56 points. On the daily chart index has formed a small bullish candle carrying
lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 25470 level it would
witness buying which would lead the index towards 25570-25650 levels. Important Supports for the day is around 25330 However if index
sustains below 25330 then it may witness profit booking which would take the index towards 25270-25200 levels.

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785