The chart pattern suggests that if Nifty crosses and sustains above 18600 level - Jainam Share Consultants
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Nifty
Nifty opened on a flat note but buying led the index upwards to end near the high of the day. Nifty closed at 18514 with a gain of 247 points. On the daily chart the index has formed a Bullish candle with a long lower shadow indicating buying at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 18600 level it would witness buying which would lead the index towards 18500-18600 levels. However if index breaks below 18200 level it would witness selling which would take the index towards 18300-18200.
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