Technical View | Nifty forms bearish candle, may take support at 18,000-18,100

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Technical View | Nifty forms bearish candle, may take support at 18,000-18,100

The index has managed to take support at 18,100 in Monday#39;s correction. With negative divergence in RSI, the weakness might continue with crucial support at 18,000, whereas the upside is likely to be capped at 18,450, experts said.      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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