Table of Contents
Introduction
Today’s Nifty analysis using GANN principles revealed some interesting insights. On September 15th, Nifty touched a high of 20,220 before retracing. Currently, a 30-minute chart indicates a negative divergence pattern along with a ‘Shooting Star’ candlestick formation at the top. This combination suggests a potential correction.
With a cautious approach, traders may consider shorting , targeting a correction down to the 19,700-19,500 range. It’s important to set a stop loss at 20,250 on a closing basis to manage risk effectively. Keep a close eye on the evolving market conditions for timely adjustments.”
Nifty Levels for 18 Sep Tomorrow Prediction and Analysis
| Date | Resistance Levels | Support Levels |
|---|---|---|
| 18 Sep | 20230 | 20130 |
| 20275 | 20070 | |
| 20335 | 20000 |
Bank Nifty Levels for 18 Sep Tomorrow Prediction and Analysis
| Date | Resistance Levels | Support Levels |
|---|---|---|
| 18 Sep | 46330 | 46000 |
| 46450 | 45800 | |
| 46700 | 45650 |
Conclusion
Traders should closely monitor the support and resistance levels mentioned in this analysis to make informed decisions in a potentially volatile market environment.
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Disclaimer
The information provided in this blog post is for educational and informational purposes only. It should not be construed as financial advice or a recommendation to buy or sell any securities. Always do your own research and consult with a qualified financial advisor before making investment decisions.
