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 22643 with a gain of 223 points. On the daily chart the index has formed a long Bullish candle forming higher High- Low formation indi cating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 22660 level it would witness buying which would lead the index towards 22700-22800 levels. Important Supports for the day is around 22440 However if index sustains below 22440 then it may witness profit booking which would take the index towards 22380-22300 levels.
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Quote on FPI from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
