Good morning friends,
I have quoted for support at 18050 to 17950 yesterday. Nifty took a dip in to that levels but due to strong support, it has rebounded too. It was a too big day yesterday.
Now let us talk about rebound and the possibilities for the day.
It is very logical to talk about the top to be somewhere near or above yesterday's high. It can be at or above 18200. 18200 may be a make or break levels. If it fail to attract buyer then it will again see a fall.
If it get buyer above resistance then 18250 and 18300 may also be the possibility.
Now buyer are not that much strong as it used to be early days. So be cautious at resistance and higher levels.
Happy trading.
