Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 22201 with a loss of 17 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 breaks and sustains below 22150 level it would witness selling which would lead the index towards 22050-22000 levels. However if index crosses above 22300 level it would witness pullback rally which would take the index towards 22350-22400.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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