Nifty Daily Analysis

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Nifty is getting stuck near fibb level 0.68%. Untill nifty crosses above 18320 we are expecting nifty to remain sideways to mildly bearish for upcoming days. Crucial support levels for Nifty is 18050-18000 area, if this gets penetrated then we can see 17800. Resistance ahead for nifty is 18320. Nifty has to cross above 18320 to continue the bullish action.