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 22327 with a gain of 203 points. On the daily chart the index has formed a small Bullish candle with upper shadow indicating selling pressure as well as resistance at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 22250 level it would witness selling which would lead the index towards 22200-22150 levels. However if index crosses above 22400 level it would witness pullback rally which would take the index towards 22500-22550
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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