Mighty Nifty - Analysis for Dec 16
Updated
Yesterday price fall from the sell level 18660. The fall was beyond our expectations. Today if the price opens above 18400, buy above 18440 with the stop loss of 18410 for the targets 18480, 18510 and 18540. We have support at 18360 - 18380 level. Sell below 18350 with the stop loss of 18380 for the targets 18320 and 18280. After the fall yesterday, the price may move within a range 18350 - 18450 to gain trend strength.
Note
Price is facing resistance at our buying level.Trade active
ShortTrade closed: target reached
High : 18440 Low : 18255 
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