Outlook On Nifty

Hi Traders,

View on Nifty Outlook:

Nifty has been range bound mostly during day with only movements coming in last hour. As indicated above mentioned levels play as support and resistance during trading with levels of 18200-250 acting as zone of congestion to slowly emerging as resistance.

Any big move in Nifty will come only above 18320 if nifty sustains above the mentioned level for 15-20mints. Further weakness can be seen whenever nifty breaks its support level and moves towards next levels.

Above mentioned are my views and not trade recommendations.