Nifty: SGX Nifty is flat ahead of today’s opening. The Nifty in a trending move with volatility, ended the session near high, closed positive with 200 pts, gained 1.10%, VIX fell below 13.50. Global markets remained moderate, and mixed across the region. Technically, the Nifty breaks the upper range and closed higher, albeit with avg volume and a follow up buying will confirm further uptrend towards new ATH with interim target of 18700-800 during the trend. However, after the consolidation index moved higher in volatility but near resistance and may slip from here. Index still remained neutral. Intraday, Nifty will have support around 18467, and likely resistance around 18657/87. As per weekly expiry data 18500 PE & 18800 CE remain crucial strike prices to watch. On an immediate basis 18567 remained supported and resistance around 18637.
(Delayed Update)
