The chart pattern suggests that if Nifty crosses and sustains above 17700 level - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 17722 with a gain of 98 points. On the daily chart the index has formed a small Bullish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 17700 level it would witness buying which would lead the index towards 1780 0 -1 7 8 5 0 l evels. Important Supports for the day is around 17650 However if index sustains below 17650 then it may witness profit booking which would take the index towards 17600-17500 levels.
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