Technical View | Nifty forms bearish candle, fresh round of selling likely if index breaks 17,800

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Technical View | Nifty forms bearish candle, fresh round of selling likely if index breaks 17,800

The Nifty50 has made an attempt for the third straight session to surpass 18,100 but failed. Hence, 18,000-18,100 is expected to be a crucial area to watch going ahead and if the index decisively surpasses the same then a march towards record high levels is highly likely, with crucial supports at 17,700 17,500 levels, experts said.      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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