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Nifty

Nifty opened on a flat note and witnessed profit booking in initial half however buying momentum at lower levels pulled index higher to close in positive territory. Nifty closed at 18321 with a gain of 36 points. On the daily chart the index has formed a small Bullish candle carrying long lower shadow indicating buying support at lower levels. The cha rt pattern suggests that if Nifty crosses and sustains above 18340 level it would witness buying which would lead the index towards 18400-18450 levels. Important Supports for the day is around 18200 However if index sustains below 18200 then it may witness profit booking which would take the index towards 18100-18000 levels.

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785

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