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Nifty 

Nifty opened on a flat note and remainedina small range throughout the day. Nifty closed at 17855 with a gain of 32 points. On the daily chart the index has formed a long Bearish candle forming lower High-Low compare to previous session indicating negative bias.The chart pattern suggests that if Nifty crosses and sustains above 17950 level it would witness buying which would lead the index towards 18000-18200 levels. Important Supports for the day is around 17800 However if index sustains below 17800 then it may witness profit booking which would take the index towards 17646-17520 levels

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

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