Nifty Spot - 18.08.2022

Nifty Spot - 18.08.2022

The Index is trading @ 17956 levels

There is a STRONG RESISTANCE @ 18080 levels, recent high is 18113

There is a STRONG SUPPORT @ 17600 levels

The immediate support is 17800

There is a MACD Bearish Divergence in Daily Chart, let the prices go below 17820, one can initiate a SHORT POSITION in Nifty with stoploss @ 17990 levels

Waiting for confirmation

Watch out