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Nifty

Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 24855withagainof34 points. On the daily chart the index has formed a small Bearish candle with lower shadow indicating buying support at lower levels. Thechartpattern suggests that if Nifty crosses and sustains above 24900 level it would witness buying which would lead the index towards 25000-25070levels. Important Supports for the day is around 24770 However if index sustains below 24770 then it may witness profit booking whichwouldtake the index towards 24700-24640 levels.

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