Key Points
For Nifty and Sensex, 18550 and 62550 would be the trend decider level..
For the traders now, 18550/62550 would be the trend decider level for Nifty50/Sensex..
As long as the indices are trading above the same the uptrend formation is likely to continue. Above the same, the market could move up to 18700-18750/63000-63300..
Additionally, on the daily charts, it has formed a higher bottom formation, hence the structure of the counter indicates the beginning of a new up move from the current levels...
The stock is trading into a rising channel pattern after reversal from the lower levels and forming the higher lows series continuously..
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