Good morning friends,
Above is the hourly chart of nifty. We can able to observe the support coming at 17800 levels. This support can lead Nifty to some recovery after sharp fall. If Nifty shape up well this morning with good opening then this market can go test 18100 levels too.
Well, it may be too early to talk about 18100 but immediate target can be 17960 levels. A level which work many time in recent days.
Suppose if it makes much of trade above 17960 then it will great sign of strength.
Now, support if it doesn't. Well, in that alter view will in force. It means Nifty can have a chance to go back to 17800.
Keep above levels and views in mind.
Happy trading.
