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 25956 with a gain of 17 points. On the daily chart the index has formed a bearish candle with upper shadow indicating resistance at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 25880 level it would witness selling which would lead the index towards 25800-25680 levels. However if index crosses above 26000 level it would witness pullback rally which would take the index towards 26050-26150.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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