The chart pattern suggests that if Nifty crosses and sustains above 18180 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 18148 with a gain of 83 points. On the daily chart the index has formed a small bullish candle with shadows on either side representing extreme volatility as well as indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 18180 level it would witness buying which would lead the index towards 1825 0 -1 8 3 0 0 l evels. Important Supports for the day is around 18100 However if index sustains below 18100 then it may witness profit booking which would take the index towards 18000-17900 levels.
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