Nifty rose early but late selling dragged it to close near lows - Jainam Share Consultants
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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 indexlowertoclose near day's low. Nifty closed at 25960 with a loss of 109 points. On the daily chart the index has formed a long Bearish candleforminglower High-Low compare to previous session indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above26000level it would witness buying which would lead the index towards 26150-26250 levels. Important Supports for the day is around 25900Howeverif index sustains below 25900 then it may witness profit booking which would take the index towards 25850-25750 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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