Can Nifty bulls aim to reclaim the important psychological mark of 18,000?

On the first day of Samvat 2079, the Indian benchmark indices witnessed a gap-up opening; however, nothing much happened thereafter as higher levels saw some trimming. Having said that, the positive news is that the market did not lose out much from the highs! However, they failed to capitalise on the strong show exhibited on the first day of Samvat 2079 as it ended a seven-session winning streak. An interesting observation is that in the last four trading sessions, Nifty closed lower than the opening level, which clearly indicates that profit booking has been witnessed at the higher levels, which is mainly due to a lot of uncertainty in the background i.e. the global scenario.