Good morning friends,
Nifty took a swing from lower levels as expected and closing was also impressive. The next important level is 17960 < 18000 < 18050.
Fine, yesterday was an easy day for bulls and today we may have different day. I may not be as aggressive as yesterday. In fact today may be a day of caution.
I am still advising long trade only but be cautious when ever Nifty comes at 17960 or 18000 or 18050.
If Nifty to reverse for long term or medium term then it may fail at any of the above levels. I can say today be the test day for bulls.
Take a note longer it sustain below 18000, higher is the chance of trend reversal.
Happy Trading.
