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Nifty

Nifty opened on a flat note but buying led the index upwards to end in the green. Nifty closed at 18608 with a gain of 45 points. On the daily chart index has formed a sizable bullish candle forming higher High-Low compare to previous session and has closed above previous session's high indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 18700 level it would witness buying which would lead the index towards 18700-18750 levels. However if index breaks below 18200 level it would witness selling which would take the index towards 18400-18300.

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785

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