Nifty Daily Analysis

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Nifty broke its major support area of 18k which was also the 0.786 Fibb Level, this 18k level was the last support for a pullback according to Fibonacci Retracement levels. As in our analysis for 25oct we stated that if Nifty broke 18000 we can see 17800, today nifty made a low of 17799 and gave a little bounce. What's ahead now - If price breaks 17800 then Nifty can go down till 17600 to find support, while on upside it is clear that 18000 can act as resistance now.