The Nifty 50 index has twice retested the 50% retracement level on the hourly charts and is at a solid support level of 18000 - 18100. RSI is showing a positive divergence which could be the first indication that the trend could turn back from this point following a short covering rally which may place Nifty back into the all times high trajectory.
Trade active:
Third successful retest of fib/support level at 18000 today.
Trade active:
Successful rebound from support, book partial profits. No fresh trades opportunity just yet.