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Nifty opened with downward gap and selling pressure throughout the session led it to close near day`s low - Jainam Share Consultants
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Nifty
Nifty opened with downward gap and selling pressure throughout the session led it to close near day's low. Nifty closed at 23350 with a loss of 169 points. On the daily chart index has formed a small bearish candle forming lower High-Low compare to previous session and has closed below previous session's low indicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below23260 level it would witness selling which would lead the index towards 23150-23100 levels. However if index crosses above 23500 level it would witness pullback rally which would take the index towards 23600-23750.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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