November 24, 2024

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November 24, 2024

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HomeNiftyNifty Trend : 18 May 2021

Nifty Trend : 18 May 2021

Nifty Future closed @ 14955 as on 17.05.2021..!!

Nifty Future has resistance at 15008 – 15088 Point; above which other resistance levels are at 15105 â€“ 15130 Point with highly Volatile Trend,

Nifty Future has Downside support levels are at 14888 – 14838 Point; below 14838 Point, other support levels are at 14808 – 14777 Point.

I am positive for the next bullish trend only above @ 15008 Point but be with the trend. Let the market decide further moves.

As we are saying from many days, Buying is suggested in falls only…and it’s still a better strategy in the given Scenario, regarding Long term positions, it is preferable to remain cautious now…!!

If Nifty Future crosses @ 15008 Point, again then the upper side target is quite high and it may touch @ 15088 Point in the short term…!!!

 

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