Nifty Support & Resistance Levels for 18.05.2024
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Nifty is currently within the daily supply zone at 22409 to 22589, as mentioned earlier. Despite this, the trend on the weekly chart remains positive. A decisive crossover and close above 22600 could propel Nifty to new highs in the coming days. On the downside, the nearest support zone is identified between 22060 and 22142, with a farther support zone extending from 21922 to 22041.
Nota
As there wasn't much movement in Indices on Saturday 18th May, the levels remain the same for the Next trading day 21st May 2024.
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