Support levels for NIFTYPossible support levels of Nifty are where it is right now 17980 below this the level will be 17877, 17817 and 17704. Below these levels only 50 EMA that is 17618 is major support.
Niftysupports
Nifty closing in on 18KYesterday we had indicated a resistance for NIFTY at 17942 and peak of the day was 17944. Now the resistance could be near 18039 and 18111. Supports on the lower side are 17834 and 17737. Major Support of 50 EMA for NIFTy below which there could be trend reversal and Bears can fight back is near 17388.
