Technical View | Nifty likely to consolidate further, crucial support at 18,000
The index has been consolidating in the 250-point range for the last five straight sessions, taking strong support at 18,000-18,100 zone. On the upper side, it has strong hurdle at 18,250 level. Hence, unless and until it decisively breaks 18,000, a major correction is unlikely, whereas the crossing of 18,250 may drive the Nifty towards 18,400 area, experts say