Nifty would witness selling which would lead the index towards 17700-17600 - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 17930 with a gain of 159 points. On the daily chart index has formed a bullish candle and has closed above its past 13 session's consolidation range representing positive bias ahead. The chart pattern suggests that if Nifty breaks and sustains below 17800 level it would witness selling which would lead the index towards 17700-17600 levels. However if index crosses above 17950 level it would witness pullback rally which would take the index towards 18000-18200.
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