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NIFTY TECHNICAL VIEW

Nifty opened with a downward gap and traded with extreme volatility on either side to end on negative note. Nifty closed at 25057withalossof 113 points. On the daily chart index has formed a small bearish candle forming lower High-Low compare to previous session andhasclosedbelow previous session's low indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 25250level it wouldwitness buying which would lead the index towards 25400-25500 levels. Important Supports for the day is around 25080 However if indexsustains below 25080 then it may witness profit booking which would take the index towards 25000-24900 levels.

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