Nifty opened with an upward gap and remained in positive terrain throughout the day - Jainam Share Consultants

Nifty
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 25182 with a gain of 136 points. Onthedaily chart index has formed a bullish candle however it remained restricted within previous session's High-Low range indicatingabsenceofstrength on eitherside. The chart pattern suggests that if Nifty breaks and sustains below 25000 level it would witness selling whichwouldleadthe index towards 24900-24800 levels. However, if index crosses above 25200 level it would witness pullback rally which wouldtaketheindextowards 25250-25300.
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