Tuesday, September 18, 2018

Update on Nifty Spot

Nifty Spot has reached 50 DMA support and today is the 2nd day of the fall from 11523.25 and we have seen a pullback for 2 days after a fall of 3 days. The pullbacks came about at some point of the third day. Expect a pullback some point of time tomorrow if Nifty chooses to follow the same as before rule. It seems 11250 will be broken for sure.   So, we can expect a pullback tomorrow at some point of time or Friday,   Thursday is a holiday. The pullback will confirm the structure.

Nifty may stage a pullback from here as well so stay cautious as well.

Intraday 18-9-2018

Nifty Future (Bias - Negative) 



Weak Below / Strong Above 11360. 



Banknifty Future  (Bias - Negative) 



Weak Below / Strong Above 26857.