Good morning friends,
It took expected dip from levels near to 18320. In fact it was showing discomfort from 18320+ levels. Eventually it took a dip. It go to hit 18170 kind of levels and that's surprising. It is showing that market may not hold good above 18320 + levels.
What's coming next?
It is very likely that Nifty may fail at top. The way I am seeing the chart, I am not expecting Nifty to go above 18260 for today.
In the lower side it can come around 18100 levels sooner or later.
We have Monthly derivative expiry today so be alert from false signals.
Happy trading.
