The chart pattern suggests that if Nifty breaks and sustains below 17800 level - Jainam Share Consultants
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Nifty
Nifty opened on a flat note but buying led the index upwards to end in the green. Nifty closed at 17872 with a gain of 150 points. On the daily chart index has formed a bullish candle and has closed above its past eight 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 17870 level it would witne ss pullback rally which would take the index towards 17950-18000.
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