Updated

Nifty what’s our view

Nifty 18069 - Nifty couldn’t hold above18187 and has slipped and trying to hold the support 18042-18066. Resistance is at 18187. We expect nifty will be bearish in coming sessions and has more possiblity to test 17840..

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Trade entered : nifty 18 may 18200 pe @ 125 at 09:43 ( nifty @ 18185 )

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We follow 2:1 risk:reward trading. Ie 40/ lot risk , for 20/lot of profit

Trade closed: stop reached

Stop loss hit..

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Nifty 18264 - Resistance @ 18397-18404. Support 18187.

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Chart uploaded

snapshot

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Support zone at 18256-18187. Resistance at 18397-18404.

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Chart uploaded

snapshot

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.