On the daily chart the index has formed a Bullish candle withauppershadow indicating selling at higher levels - 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 23813 with a gain of 63 points. On the daily chart the index has formed a Bullish candle withauppershadow indicating selling at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 23800 level it wouldwitnesssellingwhich would lead the index towards 23700-23600 levels. However, if index crosses above 23950 level it would witness pullbackrallywhichwould take the index towards 24000-24100
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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