If index crosses above 18175 level it would witness pullback rally - Jainam Share Consultants
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Nifty
Nifty opened on a flat note and remained in a small range throughout the day. Nifty closed at 18123 with a loss of 10 points. On the daily chart the index has formed a small bullish candle with shadows on either side representing indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty breaks and sustains below 18060 level it would witness selling which would lead the index towards 18000-17900 levels. However if index crosses above 18175 level it would witness pullback rally which would take the index towards 18250-18300
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