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NIFTY

Nifty opened with an upward gap but witnessed selling for most part of the session. However last hour pullback action pulled indexhighertoclose on positive note.. Nifty closed at 26216 with a gain of 331 points. On the daily chart the index has formed a small Bullishcandlewithshadows on either side indicating indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Niftycrossesand sustains above 26250 level it would witness buying which would lead the index towards 26300-26350 levels. Important Supports for thedayis around 26140 However if index sustains below 26140 then it may witness profit booking which would take the index towards 26100-26000levels.

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