The chart pattern suggests that if Nifty crosses and sustains above 18300 level - Jainam Share Consultants
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Nifty
Nifty opened with an downward gap and selling pressure throughout the session dragged it lower to end near lowest point of the day . Nifty closed at 18154 with a loss of 154 points. On the daily chart the index has formed a bearish candle with long upper shadow indicating selling pressure as well as resistance at higher levels. 0it would witness buying which would lead the index towards 18300-18400 levels. However if index breaks below 18000 level it would witness selling which would take the index towards 18100-18000.
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