Nifty opened with an upward gap by Jainam Share Consultants
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Nifty
Nifty opened with an upward gap but witnessed selling from the opening tick to end negative. Nifty closed at 24124 with a loss of 18 points. On the daily chart index has formed a small bearish candle representing resistance at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 24050 level it would witness selling which would lead the index towards 24000-23900 levels. However if index crosses above 24200 level it would witness pullback rally which would take the index towards 24300-24500.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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