Nifty opened with an upward gap and strong buying momentum from the opening tick led it to end near the day`s high -Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and strong buying momentum from the opening tick led it to end near the day's high. Nifty closedat 26172with a gain of 206 points. On the daily chart the index has formed a long Bullish candle forming higher High-Low formationcomparedtoprevious session indicates positive bias. The chart pattern suggests that if Nifty crosses and sustains above 26180 level it would witnessbuyingwhich would lead the index towards 26250-26320 levels. Important Supports for the day is around 26120 However if index sustainsbelow26120 then it may witness profit booking which would take the index towards 26060-25950 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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