Nifty: Levels given works very well yet again!

- Yesterday we had warned that if on Pullbacks Nifty is unable to recapture 18315 odd levels then odds of falling towards 18146 / 18112 would be very high and Nifty could be starring at sub 18000 by month end...

- Nifty opened at 18287 (Resistance 2 given 18286) and immediately started giving up
- Nifty took resistance exactly at the red line and fell from those levels to close the day in red.
- Today was the 3rd day when Nifty opened in the green but gave up immediately. High made for the 3rd day was with in 10 points from the Open levels.

Going forward 18220-18245 should be watched very carefully. If Nifty finds it difficult to cross above these levels and Pullbacks gets sold in to, then sub 18000 would not be far away...


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