Tech View: Nifty forms small-bodied candle. What should traders do on Wednesday?

Indian equity index Nifty was in a narrow range of 30-40 points, forming a small-bodied candle on the daily charts. The Nifty is making higher highs and higher lows from the past two sessions. Support zones for an up move are at 18,333, 18,442 and 18,550, whereas the downside supports exist at 18,281 and 18,181. Volatility was slightly up during the day but lower levels continued comforting bulls at support zones. Analysts suggest traders buy on dips and focus on midcap stocks that exhibit impressive movements for the future.