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Nifty

Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 25236 with a gain of 84 points. On the daily chart the index has formed a small Bearish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 25270 level it would witness buying which would lead the index towards 25350-25400 levels. Important Supports for the day is around 25200 However if index sustains below 25200 then it may witness profit booking which would take the index towards 25100-25000 levels.

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