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 and remained in a small range throughout the day. Nifty closed at 17893 with a gain of 22 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 17800 level it would witness selling which would lead the index towards 17700- 17600 levels. However if index crosses above 17920 level it would witness pullback rally which would take the index towards 18000- 18200
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