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MarcellusLUX

NIFTY reaches resistance, expect a pullback to 18300

Short
Nifty 50 Index (NSE:NIFTY)  
MarcellusLUX  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns niftytrend
9
3
trendanalysis chartpattern niftytrend
Hello everyone, welcome to my NIFTY Analysis. Please check from the chart
that NIFTY has reached the resistance level at 18800-18900. We are witnessing
an immediate pullback after hitting the resistance level.

So, as long as the resistance zone stays intact, expect price to fall to 18300 level
in the next few weeks. Recommending stock and option traders to trade accordingly.
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