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 25939 with a gain of 148 points. On the daily 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 breaks and sustains below 25850 level it would witness selling which would lead the index towards 25800-25680 levels. However if index crosses above 25960 level it would witness pullback rally which would take the index towards 26050-26150
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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