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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 25797withalossof14 points. On the daily chart index has formed a bearish candle however it remained restricted within previous session's High-Lowrangeindicating absence of strength on eithersideThe chart pattern suggests that if Nifty breaks and sustains below 24980 level it would witnesssellingwhich would lead the index towards 24900-24800 levels. However if index crosses above 25135 level it would witness pullback rally whichwouldtake the index towards 25250-25300
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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