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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 22648 with a gain of 43 points. On the daily chart index has formed a bullish candle however it has continue to form lower High-Low compare to previous session indicating negative sign. The chart pattern suggests that if Nifty breaks and sustains below 22550 level it would witness selling which would lead the index towards 22500-22450 levels. However if index crosses above 22700 level it would witness pullback rally which would take the index towards 22800-22900.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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