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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 23466 with a gain of 67 points. On the daily chart the index has formed a " Doji " candlestick formation indicating indecisiveness amongst market participants regarding the directio n. The char t patter n suggests that if Nifty crosses and sustains above 23500 level it would witness buying which would lead the index towards 23600-23700 levels. Important Supports for the day is around 23350 However if index sustains below 23350 then it may witness profit booking which would take the index towards 23300-23200 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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Quote on Markets by Mr. Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher
