“In terms of the level, the 18000 mark acted as a key barrier. Though this level was crossed on an intraday basis, but it couldn’t sustain in the higher territory and closed below it”, the analyst added.
The Nifty50 closed 0.23 percent lower at 17,888. Key Pivot points support for the index is placed at 17853, 17814, and 17751 while resistance is placed at 17979, 18017, and 18080.
The NiftyBank closed 0.44 per cent higher at 39,938.