NIFTY had been trading in ascending channel since last week now though we saw a huge gap down, it couldn’t break the lower trendline ans hence reversal has been seen in second half and hence the important level that stands now are 18060 being important resistance, on break of which we can make long positions for 40-60 points as it will also break the upper trending and the consolidation of last day
No selling unless 17970 is broken below, if gapped down and breached 17970 then we can see a good free fall in NIFTY till 17800 levels
No selling unless 17970 is broken below, if gapped down and breached 17970 then we can see a good free fall in NIFTY till 17800 levels