Nifty The benchmark index is looking weak and currently trading in downtrend on the basis of price action and on moving average basis so i tried to find out some key levels of supports on both parameters below
PRICE ACTION SUPPORTS-:
Support 1- 18127 Support 2- 17850 Support 3- 17384
MOVING AVERAGES SUPPORTS-:
EMA 20- 18403 Status Breached EMA 50- 18188 Status Breached EMA 100-17771 Status Active EMA 200- 17364 Status Active