The chart pattern suggests that if Nifty crosses and sustains above 17700 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 17666 with a gain of 126 points. On the daily chart index has formed a bullish candle and has closed above its past two session's consolidation range representing positive bias ahead. The chart pattern suggests that if Nifty crosses and sustains above 17700 level it would witness buying which would lead the index towards 17780-17900 levels. However if index breaks below 17550 level it would witness selling which would take the index towards 17460- 17400.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
