Nifty opened with a gap on the downside @ 18044 vs the previous close @ 18157.
Since nifty opened below the support area, there were high chances that it going to test the next support @ 17950-17850 and it did.
Now tomorrow's opening can mostly gap up or gap down.
Immediate resistance @18056- 18035
Support @ 17950-17850 (Positional support Breaking this level, the index could slip further and faster.)
I will Buy only above 18060
I will Sell around 18056- 18035, on observing weak candles with strict Sl
Volatility will remain High.
Since nifty opened below the support area, there were high chances that it going to test the next support @ 17950-17850 and it did.
Now tomorrow's opening can mostly gap up or gap down.
Immediate resistance @18056- 18035
Support @ 17950-17850 (Positional support Breaking this level, the index could slip further and faster.)
I will Buy only above 18060
I will Sell around 18056- 18035, on observing weak candles with strict Sl
Volatility will remain High.