The Nasdaq Composite led stocks to a higher finish on Monday. Easing recession fears and hopes of a less aggressive Federal Reserve buoyed sentiments.The U.S. leading economic index sank 1% in December and flashed even stronger signals that a recession is likely soon.Nifty has been forming a descending triangle pattern on the daily chart with multiple bottoms in the range of 17,750-18,180 range. For a sustained directional move, Nifty has to break out on either side of the range on a closing basis.Indian markets could open higher, in line with higher Asian markets today and positive US markets on Monday.