NIFTY SPOT SUPPORTS

Nifty The benchmark index is looking weak and currently trading in downtrend on the basis of price action and on moving average basis so i tried to find out some key levels of supports on both parameters below

PRICE ACTION SUPPORTS-:

Support 1- 18127
Support 2- 17850
Support 3- 17384

MOVING AVERAGES SUPPORTS-:

EMA 20- 18403 Status Breached
EMA 50- 18188 Status Breached
EMA 100-17771 Status Active
EMA 200- 17364 Status Active

MOVING AVERAGES SUPPORTS

Comment:

PRICE ACTION 2ND SUPPORT TESTED