Nifty opened with an upward gap and remained inpositive terrain throughout the day - Jainam Share Consultants
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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 22055 with a gain of 98 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 21900 level it would witness selling which would lead the index towards 21800-21700 levels. However if index crosses above 22200 level it would witness pullback rally which would take the index towards 22300-22500
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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