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Nifty 

Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 17618 with a loss of 93 points. On the daily chart index has formed a small bearish candle forming lower High- Low compare to previous session and has closed below previous session's low indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 17800 level it would witness buying which would lead the index towards 17950-18000 levels. Important Supports for the day is around 17575 However if index sustains below 17575 then it may witness profit booking which would take the index towards 17520- 17480 levels.

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

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