indiamarketoutlook

Nifty: Moving on expected lines

NSE:NIFTY   Nifty 50 Index
Nifty

Yesterday I had given important levels for Nifty

18228 - It respected the level for the whole day and gave a breakout in last 1/2 hour of trade

Above 18228 the next level given was 18304-18323 zone

Today Nifty opened at 18325 and immediately retraced and traded the whole day in the yellow zone ( again the yellow zone has been marked in yesterday's analysis.


Trust the analysis has been helpful in not being a blind bull in Nifty.

Still sticking to the view of expected expiry range between 18036-18323 with Nifty level of 18180 being very crucial.


Take care & safe trading...!!!
Comment:
A lot of activity seen in 18300 Put option

As of now Looks like 18300 is being protected.

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