Nifty opened with downward gap and selling pressure throughout the session dragged it lower to end negative - Jainam Share Consultants
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Nifty
Nifty opened with downward gap and selling pressure throughout the session dragged it lower to end negative . Nifty closed at 25425withaloss of 288 points. On the daily chart the index has formed a long Bearish candle forming lower High-Low compare to previous sessionindicatingnegative bias. The chart pattern suggests that if Nifty crosses and sustains above 25500 level it would witness buying which wouldleadtheindex towards 25600-25700 levels. Important Supports for the day is around 25350 However if index sustains below 25350 thenit maywitnessprofit booking which would take the index towards 25300-25200 levels.
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