IIT-Trader

NIFTY--Supply acts as Demand@18260??

NSE:NIFTY   Nifty 50 Index
Observations::
--------->> Yesterday price tested the level @18260 level where a strong gap down occurs previously, and again falls back to below 18200 levels.
---------->> we have one more resistance @ 18340 level, if price breaks this level will observe again bullish momentum towards 18450 levels, careful at this level.
If facing resistance @18340 levels and 18260 level or 18200 level acts as support more bullishness is observed.
Supply Acts as Demand@18260 level.
keep track this levels.

Key level of support: 18060 and 17960 levels.

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