Nifty opened with an upward gap and witnessed extreme volatility throughout the day - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and witnessed extreme volatility throughout the day. Nifty closed at 22598 with a gain of 69 points. On the daily chart the index has formed a small Bullish candle carrying long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty breaks and sustains below 22480 level it would witness selling which would lead the index towards 22400-22350 levels. However if index crosses above 22630 level it would witness pullback rally which would take the index towards 22700-22750.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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