As expected, Nifty continued its downward journey which began yesterday. It seems NIFTY has taken support from the crucial 18115 -18120 levels. The was a small rebound from the days low and happened to close around18175.

As long as NIFTY holds today’s low, the chances are NIFTY could rebound on 18-05-2023. Any gap down opening below 18115 could initiate fresh selling and more down side.

Some of the important NIFTY Intraday levels are

18113

18169

18194

18223

18267

18309

18349

18388