Cmp: 18101.20
Support & Downside Range: 18074—18032—17997—17967--17915
Resistance & Upside Range: 18142—18165 zone, 18213—18252—18265--18345
Short-Term Trend Reversal Level: --
Accurate Nifty Tips
Trading View: In today's intraday market key level to watch is the 18074 spot level after opening if this level gets break then we may see the market move sideways to range bound and in that case downside 18032—17997 level gets open whereas if the 18074 gets saved then we may move upside towards 18142—18165 spot zone where we may find first intraday hurdle for the day, the fresh intraday move starts once we break and sustain above 18165 spot zone and in that case we may move upside minimum 18213 to 18252 spot zone.
Trend deciding level of Nifty future is 18030 traded above it may test 18180-18250
If traded below 18030 it may slide down to 18000 - 17950
Nifty has retested levels of 17,800—close to 17,779 levels of Dec. 23—and is showing signs of acceleration of downfall. Banking and financial stocks are trending lower in addition to information technology stocks, which in total forms more than 50% of the Nifty Index.
Make use of our daily intraday Accurate Nifty Tips and you are good to make a huge profit in the market every day. Our Nifty tips for intraday are generally given in the afternoon session and bank nifty option tips in the morning session.
Update
Nifty live update CMP 17991 its trying to form a base near our support of 17967 which is a 50% retracement level of 17795 to 18142 rise a move above 18058 nifty will again go into the safe zone and we may see bulls force to start coming again
Nifty update : Since almost 3 weeks nifty is trading between 18265 to 17775 , during this time one day we are seeing gap up and one day we are seeing gap down which is continues changing pattern, after seeing yesterday's up move we thought that pre budget rally is coming and we may see one more push higher but today nifty and bank nifty gave dip retracement which is again pointing question are we really going to get pre budget rally like we get or not , than my answer still no clue.. but if we are in middle of pre budget rally than ideally we should get today's close between 18030—18060 worst case and good case between 18060—18105 spot levels now we have only one level with us which is 17795—17775 spot zone, till we are above it hope of budget rally is still active the moment we breaks 17775 spot market turns into bearish trend again and we may fall downside 17450—17100—16800 levels gradually so today's close is going to be very important to watch that are we going to get pre budget rally or not.
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