Bottomline:
Nifty is moving sideways within the channel indicating correction is still in process, where wave a = wave c at 18253. Breaking of upper boundary line of channel at 18265 level will indicate completion of correction and beginning of bullish trend.
Crucial Levels: 18117
Resistance: 18200, 18265
Support: 18089, 18015, 17938
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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.
