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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 25970 with a gain of 28 points. On the daily chart the index has formed a "Doji" candlestickformation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty crossesandsustains above 25980 level it would witness buying which would lead the index towards 26100-26150 levels. Important Supports for thedayisaround 25870 However if index sustains below 25870 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