Nifty 50 Update: Nifty and BankNIfty Fresh Levels - Trade with CautionPremkumar Ramachandran (Author) Published Date : May 18, 2020 12:50 IST
Update: Nifty and BankNIfty Fresh Levels: Trade with Caution: Watch out for 17734, 17890 & 17960 on a Bounce-Back. The current pause taken at 17514.20 looks temporary though, any bounce if we are not able to rea=claim 18000+ levels by closing, we will have to look at this market separately.
Any sharp reclaiming of losses can be temporary shelters for the markets. The sustained closings above the previous hour high (or) previous day high for three sessions, if intraday three * the Respective cycle and Positional for three days. Nifty though had seen a decent pullback of almost 0.6% from the intraday low, trades above 8914 though looks critical for further upsides.
Nifty 50 Update: Nifty and BankNIfty Fresh Levels - Trade with Caution