Nifty Spot View: 18/05/2023
CMP: 18181.75
Moving AVG (EMA) 20 Hour & 40 Hour: 18256 & 18276
Moving AVG (EMA) 20 Day & 40 Day: 18078 & 18790
Support & Downside Range: 18114—18007--17860
Resistance & Upside Range: 18214—18256—18276 zone, 18343
Short Term Trend Reversal Level: -- 18459
Trading View: In today's weekly expiry trading session key resistance to watch is 18256 to 18276 spot levels whereas downside key support to watch is 18114 to 18078 spot levels if 18150 call and put writers are active & eager to eat as much as premium they can of this strike then they try to keep nifty between 18278 to 18078 most of the time in today's trading session here if we break and sustain above 18278 for 15 to 30 mins then bulls will come back with force and try to move towards 18343 & above levels whereas if we break and sustain below 18078 for 15 to 30 mins then bears can go heavy and we may fall towards 18007 minimum, so understand the importance of 18278 resistance and 18078 support on 15 to 30 mins sustain basis.
