Nifty on Friday ended 160 points higher to form a Doji candle on the daily chart as the index reclaimed its short-term moving averages but lacked decisiveness. As long as the sharp opening downside gap of Wednesday remains open at 21,970, there is a higher probability of a ‘sell on rise’ in the market for the short term. Immediate support is at 21,550 level, said Nagaraj Shetti of HDFC Securities.
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