NIFTY--18700 or 18500

Observations::
---->> Price is trading in range after opening gap up.
consolidation + Bullish = Sell @ Resistance.(18700 Resistance)
Consolidation + Bearish = Buy @ Support (Gap may acts as Support.)

If price showing bullish pressure towards 18700, wait here for reversal may happens, previous strong fall area.
if price comes back to 18450-18500 levels, look for buy.
if price breaks 18575 zone retest sell for target of 18500 zone. After break retest in needed to sell.

Previous strong resistance may turned to be support @18450 range.

Trade closed: target reached:

if price breaks 18575 zone retest sell for target of 18500 zone. After break retest in needed to sell.

Comment:

Comment:

If price wants to form a drop base drop, we will see fall till 18480 maximum -18360level.
if price is bullish, we have a demand may acts as resistance again. Keep track this levels.

Comment:

Price is exactly opens little above supply zone,
above we have demand zone and below we have supply zone, price enters into consolidation stage for a while, and bullish gap be filled then, decides to go up or down.

Comment:

No proper momentum

Comment: