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BQ Edge: IIFL Wealth’s Anu Jain On Key Support Levels For Nifty 50
All trends point to the benchmark Nifty 50 Index moving higher, according to Anu Jain of IIFL Wealth Management Ltd.
16 Jun 2021, 12:44 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![The CNX Nifty Index logo is displayed on a glass facade at the National Stock Exchange of India building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)](https://media.assettype.com/bloombergquint%2F2021-03%2F5cdfef17-d095-4cf4-8699-b0273bcaa0eb%2F308094902.jpg?rect=0%2C210%2C3998%2C2249&auto=format%2Ccompress&w=200)
The CNX Nifty Index logo is displayed on a glass facade at the National Stock Exchange of India building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
All trends point to the benchmark Nifty 50 Index moving higher, according to Anu Jain of IIFL Wealth Management Ltd.The index is up across all time frames and has been moving in a rising trend channel since March 2020, Jain, senior partner and head-equity brokerage at IIFL Wealth, said on BQEdge.In the near term, 15,400 is an important support followed by 14,980. And while the uptrend is in a matured stage, there are no signs of peak...
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