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Nifty

Nifty opened on a positive note and extended buying momentum in the first half however selling in the second half led the index lower to
close near day's low. Nifty closed at 25044 with a gain of 72 points. On the daily chart the index has formed a Bearish candle with a long upper
shadow indicating selling at higher levels. The chart pattern suggests that if Nifty crosses and sustains above 25150 level it would witness buying
which would lead the index towards 25220-25300 levels. Important Supports for the day is around 25000 However if index sustains below
25000 then it may witness profit booking which would take the index towards 24900-24850 levels..

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785