For Monday Nifty Spot [17812]

For Monday Nifty Spot <17812>:-

On the Upside :-

Fresh positive above 17835 & then Resistances are 17888—17922 & 17955. Major 17998/18012.

In case positive opening then initial basis cautious at higher wait for moderate cooling.

On the Downside :-

Negative below 17777 & then supports are 17750 -17724 & 17704. Major 17674/655.

Immediate Range :- 17650 —18000 &

Major Range :- 17500—18200.

Current RSI as per Daily chart almost 62+. Avg. sup 59.

India VIX week to week basis up 1.38 points & settled at 17.60. Weekly High was 18.42.

Source : Eureka

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