Nifty Opens Gap-Up, Closes Positive Despite Profit Booking at Highs - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and continued its previous day's rally however profit booking at higher levels dragged index near today'sopening level thereby closing on a positive note . Nifty closed at 24222 with a gain of 315 points. On the daily chart the index has formeda"Doji" candlestick formation indicating in decisiveness amongst market participants regarding the direction. The chart pattern suggests that ifNifty crosses and sustains above 24370 level it would witness buying which would lead the index towards 24450-24500 levels. Important Supports for the day is around 24150 However if index sustains below 24150 then it may witness profit booking which would take the index towards 24100-24000 levels.
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