BULLISH View:
If any Gap open and sustains above 18072 we can expect 18120 will be tested immediately there after reversal is possible.
Incase of Weakness closes below 18040 Demand zone we can expect sideways move between 18000 and 18040 then Rally will continue.
Alternate view:
If 18000 compromises and Nifty closes below Down fall is expected and 17935 Demand zone will be tested. If this is also taken out sharp fall may expected.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
