Nifty
Nifty opened on a flat note and witnessed ex treme volatility on eitherside for most part of the session. However later hour buying momentum pulled index higher to end in green. Nifty closed at 17599 with a gain of 42 points. On the daily chart the index has formed a small bullish candle forming higher High-Low formation compare to previous session indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 17650 level it would witness buying which would lead the index towards 17700- 17780 levels. Important Supports for the day is around 17500 However if index sustains below 17500 then it may witness profit booking which would take the index towards 17400- 17300 levels
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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