01-01-1970 12:00 AM | Source: Jainam Share Consultants
The chart pattern suggests that if Nifty crosses and sustains above 18365 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 18350 with a gain of 322 points. On the daily chart the index has formed a long Bullish candle forming higher High-Low formation indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 18365 level it would witness buying which would lead the index towards 18420- 18500 levels. However if index breaks below 18250 level it would witness selling which would take the index towards 18200-18100.

 

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