The chart pattern suggests that if Nifty crosses and sustains above 18460 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 18267 with a loss of 152 points. On the daily chart the index has formed a long Bearish candle forming lower High-Low compare to previous session indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 18460 level it would witness buying which would lead the index towards 18500-18600 levels. Important Supports for the day is around 18200 However if index sustains below 18200 then it may witness profit booking which would take the index towards 18050-17925 levels.
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