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Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 24461withagainof114 points. On the daily chart index has formed a bullish candle however it remained restricted within previous session's High-Lowrangeindicating absence of strength on either side. The chart pattern suggests that if Nifty crosses and sustains above 24500 level it wouldwitnessbuying which would lead the index towards 24600-24750 levels. Important Supports for the day is around 24400 However if indexsustainsbelow 24400 then it may witness profit booking which would take the index towards 24300-24200 levels.

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