Expectation : Flat / Small Gap Down Open around 18050 or above
Nifty likely to Open Small Gap down, if that is the case we have strong support at 18050 where we can go Long. If 18050 support is compromised and closes below we can expect Target 1 & 2 on the lower side
Any breakout above 18105 we can expect 18130 as the Target for Long entry. We have multiple resistance on Higher side, it will difficult to break those levels tomorrow.
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
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