“Overall, we still believe that the Nifty is in a consolidation mode and the range of consolidation is likely to be 18000 – 18400. In terms of levels, 18420 – 18450 shall act as the immediate hurdle while 18200 – 18150 is the crucial support zone to watch out for on the downside,”Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas, said.