Nifty Daily Chart
On Thursday after keeping open & high almost
same at 18579 & 18580 levels respectively, Nifty has made an intraday low
of 18464 & closed 46 points down at 18487.
Oscillators –
both Stochastic & RSI are moving in downward direction quoting below
average line at 73 & 62 levels respectively.
Now on lower side Nifty has immediate major support
at 18422 level where buying is expected in the market, if it breaks &
sustain below it than may slide to 18333 & below that 18193 levels where
later one may act as good support level to
go long in the market.
On upper side 18527 & 18567 will act as
immediate resistances & above it next is 18616.