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NIFTY

Nifty opened with an flat note and witnessed consolidation for most part of the session. However last hour pullback action pulledindexhigherto close near the day's high.. Nifty closed at 26013 with a gain of 103 points. On the daily chart the index has formed a small bullishcandleforming higher High-Low formation compare to previous session indicating positive bias. The chart pattern suggests that if Nifty crossesandsustains above 26050 level it would witness buying which would lead the index towards 26100-26150 levels. Important Supports for thedayisaround 25900 However if index sustains below 25900 then it may witness profit booking which would take the index towards 25800-25700levels.

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