Index has been holding near its immediate resistance zone of 18140 - Tradebulls Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/05/7763f9959aca08aa65d23019307e942f.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Nifty
Index has been holding near its immediate resistance zone of 18140. Yesterday we saw a narrow-ranged body formationfarawayfrom its 5DEMA level of 17960. With its trend strength indicators trending close to their overbought zone, there is apossibilityofa pullback towards the psychological support zone of 18000. Options data at the beginning of the May series states 18000 followed by 17800 to remain a prudent support while upside to remain open towards 18300. With no signs of divergenceorexhaustion on its absolute price scale the setup looks confident for an extended rally towards 18300 but post a pullbacktowards18000 zone. With its weekly data retaining its strength, the positive crossover of its 5&20 WEMA is an added confirmationofsustained strength to continue. Hence traders are advised to retain & rebuild longs on a pullback until 17780 holds
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.tradebulls.in/disclaimer
SEBI Registration number is INZ000171838
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indiateam57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/munishakhatwal57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/tatapower57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/MP Ahammed.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Fintech Pre-budget expectation.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/uttarpradesh57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget_3.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Cyberpeace.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Nifty registers best week in 2 months after rising for 6 consecutive sessions](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/10/98561b8e32240e23d6c1f40d2eff77b9.jpg)
Quote On Bank Nifty : The Bank Nifty index witnessed a range-bound trading session on the la...
![Daily Market Analysis : The markets experienced volatility and closed nearly unchanged amidst mixed signals Says Mr. Ajit Mishra, Religare Broking Ltd](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![Nifty has an immediate support placed at 15820 and on a decisive close below expect a fall to 15730-15640 levels - Nirmal Bang](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/07/411ddc101b33bee9a0c5b2fb3f476df5.jpg)
![Daily Market Analysis : Market traded volatile on the monthly expiry day and ended marginally in the green Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com//uploads/news/Ajit Mishra.jpg)