By Rajesh Palviya Nifty closed at 17559 with a loss of 200 points on a weekly basis. On the weekly chart the index has formed a Bearish candle with a long lower shadow indicating buying at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 17800 level it would witness buying which would lead the index towards 18000-18300 levels. However if the index breaks below 17400 level it would witness selling which would take the index towards 17200-17000. For the week, we expect Nifty to trade in the range of 18300-17400 with mixed bias. The weekly …
