Bottomline:
Nifty50 is unable to gain its upside momentum as RSX is rising but the prices fail to rise. Breaking of 18265 on the upside will indicate change in trend from sideways to bullish. 18000 will act as strong support. Break of this level will lead Nifty50 down to 17899-17780 region for the short term.
Crucial Levels: 18125, 18140
Resistance: 18245, 18265
Support: 18109, 18000, 17899
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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.
