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Nifty

Nifty opened with an upward gap and r ema i n e d i n p o siti v e t e rr a i n throughout the day. Nifty closed at 24502 with a gain of 186 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 crosses and sustains above 24600 level it would witness buying which would lead the index towards 24700- 24800 levels. Important Supports for the day is around 24300 However if index sustains below 24300 then it may witness profit booking which would take the index towards 24200- 24150 levels

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