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 25279 with a gain of 43 points. On the daily chart index has formed a small bearish candle representing resistance at higher levels. The chart pattern suggests that if Nifty crosses and sustains above 25340 level it would witness buying which would lead the index towards 25400-25500 levels. Important Supports for the day is around 25230 However if index sustains below 25230 then it may witness profit booking which would take the index towards 25150-25000 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
