The chart pattern suggests that if Nifty crosses and sustains above 18450 level - Jainam Share Consultants
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Nifty
Nifty opened on a flat note but selling led the index downwards to end near the low of the day. Nifty closed at 18344 with a loss of 66 points. On the daily chart the index has formed a Bearish candle with a long upper shadow indicating selling at higher levels. The chart pattern suggests that if Nifty crosses and sustains above 18450 level it would witness buying which would lead the index towards 18500-18550 levels. However if index breaks below 18300 level it would witness selling which would take the index towards 18260-18200.
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