Nifty opened with downward gap and selling pressure throughout the session dragged it lower to end near lowest point of the day - Jainam Share Consultants
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Nifty
Nifty opened with downward gap and selling pressure throughout the session dragged it lower to end near lowest point of the day . Niftyclosedat 25860 with a loss of 167 points. On the daily chart the index has formed a long Bearish candle forming lower High-Lowcomparetoprevioussession indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 25900 level it would witness buyingwhichwould lead the index towards 26000-26100 levels. Important Supports for the day is around 25800 However if index sustains below25800thenit may witness profit booking which would take the index towards 25760-25700 levels.
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