NIFTY SPOT VIEW-18TH AUGUST 2022

Well nifty continue giving surprising rally,by today’s market Nifty IT,Nifty Financial and Nifty Energy stocks contributed to Nifty to lift higher.According to me this is not a time for fresh buying so wait for healthy profit booking.Nifty and some others sector are maintaining the trending up trend so buy on dips is now trading strategy.According to me Nifty trading near it’s strong resistance area so be careful to take the long position on higher level.here is the chart.

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