Nifty is showing some pullback from downsloping trendline resistance place around 18100 level - Swastika Investmart
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Technical Outlook:
Nifty (Spot):
Nifty is showing some pullback from downsloping trendline resistance place around 18100 level however 17800-17680 is an immediate demand zone where we can expect a bounceback while 17550-17500 is a critical support area, On the upside, 17800-17830 will act as an immediate resistance area after a negative opening while 18000 is the next hurdle.
Bank nifty (Spot):
Banknifty is also cooling off near to 39000 level where 37200 is an immediate support level while 36800-36500 is a critical demand zone. On the upside, 37700-38000 is an immediate resistance area while 38500 is the next resistance level.
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