Yesterday NIFTY opened on a negative note and breached the 18k mark. But it took support at 20DEMA and after making a low of 17968, it recovered from lower levels and closed almost flat. On the downside the range of 17950 - 17900 will play as a strong support for the short term. On the upside, the rally will resume if NIFTY breaks and sustains above 18400, in that case it can again test 18600.
|Buy above 18400||18299||18600|
|Sell below 17900||17976||17750|