Nifty in strong position to gain further.

NIFTY has started the week on solid footing and current global positivity can help nifty scale new heights. For gaining further ground tomorrow Nifty will have to close the day above 18000 levels. Failing to do so we can see little bit of consolidation too. Support and resistance levels are as under:

Supports for Nifty: 17800, 17659, 17424 and finally 17204 (in very unlikely circumstances).
Resistances for Nifty: 17996, 18100, 18365 and finally ATH 18606.