If index breaks below 17900 level it would witness selling which would take the index towards 17800-17700 - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and r em a i n e d i n p o siti v e t e rr a i n throughout the day. Nifty closed at 18012 with a gain of 225 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 18030 level it would witness buying which would lead the index towards 18100- 18200 levels. However if index breaks below 17900 level it would witness selling which would take the index towards 17800-17700.
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