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Nifty

Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 25549 with a gain of 304 points. Onthedaily chart the index has formed a long Bullish candle forming higher High-Low formation compared to previous session indicates positivebias.The chart pattern suggests that if Nifty crosses and sustains above 25570 level it would witness buying which would lead the indextowards25630-25730 levels. Important Supports for the day is around 25400 However if index sustains below 25400 then it may witness profit bookingwhich would take the index towards 25260-25200 levels.

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