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Nifty opened with an upward gap and witnessed selling for most part of the session - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and witnessed selling for most part of the session. However last hour pullback action pulled index higher to close on positive note. Nifty closed at 24321 with a loss of 3 points. On the daily chart the index has formed a Bearish candle with long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty breaks and sustains below 24200 level it would witness selling which would lead the index towards 24100-24000 levels. However if index crosses above 24350 level it would witness pullback rally which would take the index towards 24500-24600
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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