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 24189 with a gain of 446 points. Onthedaily chart the index has formed a long Bullish candle forming higher High-Low formation indicating positive bias. The chart patternsuggeststhat if Nifty crosses and sustains above 24250 level it would witness buying which would lead the index towards 24300-24400 levels. ImportantSupports for the day is around 24100 However if index sustains below 24100 then it may witness profit booking which wouldtaketheindextowards 24000-23950 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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