Tech View: Nifty forms bearish candle.What traders should do on Thursday
The uptrend status of Nifty as per long-term charts like weekly is still intact and present consolidation or minor weakness in the market could be considered as a ‘buy on dips opportunity. As long as the support of 18,100-18,000 levels is protected, one may expect consolidation movement to continue. A decisive move above 18,400 levels is likely to open a new all- time high of 18,600+ levels in the near term.