01-01-1970 12:00 AM | Source: Jainam Share Consultants
The chart pattern suggests that if Nifty crosses and sustains above 17670 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 17622 with a gain of 91 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 crosses and sustains above 17670 level it would witness buying which would lead the index towards 17820-17900 levels. However if index breaks below 17420 level it would witness selling which would take the index towards 17380-17160.

 

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