* VIEW FOR FRIDAY’S TRADE:*
Nifty (CMP: 18488)
Support: 18417/17281
Resistance: 18664/18888
Range: 18400-18700
21 DMA: 18333
50 DMA: 17861
200 DMA: 17847
Trend: Positive
If today’s profit booking from higher levels is any indication, then Nifty biggest support to watch is at 18281 mark. Below 18281, expect waterfall of selling towards Nifty’s psychological 18000 mark.
On the upside, Nifty faces major hurdles at 18664 mark. Caution is the buzzword in the near term.