Tech View: Nifty forms high wave type candlestick. What should traders do on Tuesday

The Nifty hit a five-month high and formed a positive candle on the daily chart with upper and lower shadows. Analysts predict that as long as Nifty's 18213 support is held, the index may bounce back towards 18,500 and then towards aggressive targets at its all-time high of 18,888. However, below 18,300, the uptrend becomes vulnerable and a quick correction of up to 18,150 may occur. Experts suggest that 18,400 is the short-term resistance zone for the Nifty with 18,300 as the support.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.