Nifty reached on crucial support zone 18100-18000, nearby support nifty formed hammer a single bullish candlestick pattern.
If nifty sustain more than 15 minutes above 18150 then high probability to achieved 18300 and next target would be 18600.
From current level risk reward is not favorable, so not recommended to enter into new trade, but if you hold any long position then hold.
Below 18000 price may fall with momentum because of rising trend line will break.
If nifty sustain more than 15 minutes above 18150 then high probability to achieved 18300 and next target would be 18600.
From current level risk reward is not favorable, so not recommended to enter into new trade, but if you hold any long position then hold.
Below 18000 price may fall with momentum because of rising trend line will break.