Nifty opened with an downward gap but witnessed buy ing from the opening tick to end positive - Jainam Share Consultants
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Nifty
Nifty opened with an downward gap but witnessed buy ing from the opening tick to end positive. Nifty closed at 22951 with a loss of 17 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 breaks and sustains below 22900 level it would witness selling which would lead the index towards 22850-22800 levels. However if index crosses above 23050 level it would witness pullback rally which would take the index towards 23100-23200.
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