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Nifty

Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 24457 with a gain of 181 points. Onthedaily chart the index has formed a small bullish candle forming higher High-Low formation compare to previous session indicating positive bias.The chart pattern suggests that if Nifty crosses and sustains above 24500 level it would witness buying which would lead the index towards 24620-24730 levels. Important Supports for the day is around 24300 However if index sustains below 24300 then it may witness profit booking which would take the index towards 24200-24000 levels.

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