Nifty futures respected the resistance at 18450
18000 will act as a major support
9 and 21 EMA have come together in a bearish reversal, but it's not completed yet though, but it is just one bearish candle away from completion.
RSI has closed below 50 which is again a bearish signal.
For me 17700 is easily doable and 17500 looks doable though chances are less.
Stick to intraday trades as it seems to be the best away to avoid big losses.
18000 will act as a major support
9 and 21 EMA have come together in a bearish reversal, but it's not completed yet though, but it is just one bearish candle away from completion.
RSI has closed below 50 which is again a bearish signal.
For me 17700 is easily doable and 17500 looks doable though chances are less.
Stick to intraday trades as it seems to be the best away to avoid big losses.
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