Nifty Target Today

Technical Outlook: Nifty (Spot): Nifty is respecting its 100-DEMA after a fall from the hurdle of 18250. If Nifty manages to hold its 100-DEMA and starts to trade above the 18000 mark, then we can expect a short-covering bounce towards 18088 and 18120 levels. However, if Nifty slips below the 17900 level, then we can expect more selling pressure towards the 17625 and 17420 levels. Bank nifty (Spot): Banknifty respected its 50-DEMA, where 42725 is an immediate hurdle; above this, we can expect a short-covering move towards 43070. However, if it slips below the 42300 level, then we can expect more selling pressure toward the 41700-41500 zone.

Nifty live update 17940 spot is a key level to watch here if this gets broken and we sustain below it for 15-30 mins than nifty also joins the bank nifty and starts putting more pressure on the market, right now #banknifty is putting more pressure on nifty whereas reliance is trying hard to lift the Nifty.

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Nifty live update: 18038 got breached and thus bulls are still in the game now need to see how it gives today's close can we get close between the 18085—18132 spot or not.

Nifty live update 17940 spot is key level to watch here if this gets broken and we sustain below it for 15-30 mins than nifty also joins the bank nifty and starts putting more pressure on the market, right now #banknifty is putting more pressure on nifty whereas reliance is trying hard to lift the nifty

Nifty live update after breaching 18038 it broke yesterday's low it means nifty is forming an extension and now today's high is going to be next trend reversal resistance till we are below today's high we are heading downside for 17775—177680 and below 17450—17100 levels 18047 spot now reversal resistance.

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