Bottomline:
Nifty50 closed weak at 18042.95. The middle line of Keltner channel is acting as strong resistance for nifty 50. It has support at 17990-17960 region. Break of low of 17960 will take nifty 50 down to 17770. Break of 18370-18400 levels on the upside with strong momentum will confirm end of wave 2 correction and beginning of impulsive wave 3.
Crucial Levels: 18132, 18073
Resistance: 18172, 18245
Support: 17990, 17960
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Disclaimer:
This is intended to provide general and preliminary information to investors/ traders and shall not be construed as the basis of any information decision or strategy. This content is intended to be used and must be used for informational purpose only. It is important to do your own analysis before making any investment based on your own personal circumstances.
