Summary
• After a lacklustre week, the Index has a strong upside move in the last trading session of the week.
• The index closed at a resistance of 18350 level but no selling pressure was observed at a resistance level.
• The index will hold a positive view as far as sustaining above the 17950 level, it is an immediate support level for the index.
• The nifty bank has breached the long-time resistance of the 41800 level which is a bullish development.
• Nifty moving above the 18350 level can lead to a further upside move up to the 18600 level.
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