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Nifty

Nifty opened on a flat note and remained in a small range throughout the day. Nifty closed at 17769 with a gain of 26 points. On the daily chart t h e i n d ex h a s fo rme d a "Do j i " candlestick formation indicating indec isi veness among st ma r ket participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 17825 level it would witness buying which would lead the index towards 17900-18000 levels. Important Supports for the day is around 17730 However if index sustains below 17730 then it may witness profit booking which would take the index towards 17650-17580 levels.

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