Nifty opened with an upward gap and remained in positive terrain throughout the day - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 26130 with a gain of 191 points. Onthedaily chart index has formed a sizable bullish candle forming higher High-Low compare to previous session and has closed above previousthreesession's high indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 26190 level it would witnessbuyingwhich would lead the index towards 26250-26300 levels. Important Supports for the day is around 26043 However if index sustainsbelow26043 then it may witness profit booking which would take the index towards 26000-25900 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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