Nifty support seen at 18,200; Metropolis Healthcare and M&M top buys for coming week: Kunal Shah

Indian indices are likely to surpass their all-time high level of 18,800 levels, with an immediate strong support at 18,200, according to Kunal Shah, the senior technical analyst at LKP Securities. The fall in crude oil prices with renewed buying activities in the auto sector supported Indian indices, which remained bullish and resumed strength after dips. Brightcom Group’s one of the biggest rallies in a week presented an opportunity for position closure while, on the other hand, Greaves Cotton had just crossed resistance at 165 and a buy-on-dip approach is expected.