On the daily chart the index has formed a small Bullish candle carrying long lower shadow indicating buying support at lower levels - Jainam Share Consultants
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/a2ac59605167fcf6af2b0f1fe13fd1b4.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Nifty
Nifty opened on a positive note and witnessed consolidation in initial hours. However buying momentum in second half lead index higher to close near the day's high. Nifty closed at 18132 with a gain of 118 points. On the daily chart the index has formed a small Bullish candle carrying long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty breaks and sustains below 17960 level it would witness selling which would lead the index towards 17900-17800 levels. However if index crosses above 18150 level it would witness pullback rally which would take the index towards 18200-18250.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/port57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Tradebulls Securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _15.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit market watch.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/mobile57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Nifty registers best week in 2 months after rising for 6 consecutive sessions](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/07/3c0a129e8b9cdce931b226e4eb6100ba.jpg)
The recent trend continues as we once again had rough global cues to start the expiry week o...
![Dalal Street witnesses jubilation; Nifty tops 17,250 mark](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/03/e1673a8acc9ba65c6d54237d95183327.jpg)
![Quote on Nifty : The Nifty has been consolidating for the past few days, indicating indecisiveness Says Rupak De, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/03/4b93b042336fab290fd4117cb32e374d.jpg)
![Benchmark index traded on a positive note before closing with 1.10% gain at 16521 level - Monarch Networth Capital](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/07/657f434cc55e6602bca9e66aeb74567a.jpg)