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Nifty opened with an downward gap but witnessed buy ing from the opening tick to end positive - Jainam Share Consultant
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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 21708 with a gain of 186 points. On the daily chart the index has formed a Bullish candle carrying eitherside shdows indicating extreme volatility. The chart pattern suggests that if Nifty breaks and sustains below 21500 level it would witness selling which would lead the index towards 21300-21200 levels. However if index crosses above 21800 level it would witness pullback rally which would take the index towards 21900-22000
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
