On the daily chart the index has formed a Bullish candle with a long lower shadow indicating buying at lower levels - Jainam Share Consultants
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Nifty
Nifty opened with an downward gap but witness ed buy ing from the opening tick to end positive. Nifty closed at 18554 with a gain of 41 points. On the daily chart the index has formed a Bullish candle with a long lower shadow indicating buying at lower levels. The cha rt pattern suggests that if Nifty crosses and sustains above 18700 level it would witness buying which would lead the index towards 18600-18700 levels. However if index breaks below 18200 level it would witness selling which would take the index towards 18300- 18200.
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