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Nifty

Nifty opened with an upward gap and remained in positve terrain throughout the day. Nifty closed at 18065 with a gain of 150 points. On the daily chart the index has formed a long Bullish candle forming higher High-Low formation indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 18090 level it would witness buying which would lead the index towards 18200- 18300 levels. Important Supports for the day is around 17900 However if index sustains below 17900 then it may witness profit booking which would take the index towards 17800- 17700 levels.

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

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