Nifty opened with downward gap and extended its down move in initial hours making day - Jainam Share Consultants
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Nifty opened with downward gap and extended its down move in initial hours making day low around 24753. However buying support at lower levels recovered most of the earlier losses to end on a positive note.. Nifty closed at 24936 with a gain of 84 points. On the daily chart index has formed a bullish candle however it has continue to form lower High-Low compare to previous session indicating negative sign. The chart pattern suggests that if Nifty breaks and sustains below 24750 level it would witness selling which would lead the index towards 24700-24600 levels. However if index crosses above 24960 level it would witness pullback rally which would take the index towards 25000-25150.
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