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Nifty

Nifty opened with an upward gap and r em a i n e d i n p o siti v e t e rr a i n throughout the day. Nifty closed at 19690 with a gain of 178 points. On the daily chart index has formed a sizable bullish candle forming higher High-Low compare to previous session and has closed above previous five session's high indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 19720 level it would witness buying which would lead the index towards 19770-19850 levels. Important Supports for the day is around 19560 However if index sustains below 19560 then it may witness profit booking which would take the index towards 19500-19450 levels.

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