- Nifty closed above it's crucial resistance level , but there's gap it may can fill up sooner than expected - as festival season where auto stocks were out performed - sector rotation at it's best - and from IT sector may join to party , as this is quarterly results season -wipro ,and infy quarterly results were out numbers were pretty good -Currently NIFTY is trading above 21Day ,50 Day, 100 Day moving averages - - WEEKLY pivot point is at 17800
🛑 Key levels to watch out for intraday traders :- - resistance is at 18200-18220 (here we can see ( option chain) more short positions were holding at 18200 CE) with SL of 18150 - 18300 we can see as the target after breakout
- support level is at 18050 -18050 with the SL of 18100 17950 we can see as target after breakdown
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