Nifty opened with flat note but witnessed extreme volatility on account of Union Budget - Jainam Share Consultants
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Nifty
Nifty opened with flat note but witnessed extreme volatility on account of Union Budget however strong buying momentum at lower levels pulled index higher to close on flat note . Nifty closed at 24479 with a loss of 30 points. On the daily chart the index has formed a Bearish candle with long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty breaks and sustains below 24350 level it would witness selling which would lead the index towards 24300-24250 levels. However if index crosses above 24600 level it would witness pullback rally which would take the index towards 24750-24850
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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