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MASSIVE WIPEOUT 🩸
¥21,000,000,000,000 has been wiped out from the Japanese stock market after it opened at a new all time high and then suddenly started dumping.
Nifty pulled back to the bottom of the channel, but the crucial gap zone is keeping the bulls alive.
Key Level: 23,885. As long as it holds, we look for a bounce back toward the early May trend line at 24,325.
Break below 23,885 opens up 23,700 / 23,600.
#Nifty50#Trading #StockMarketIndia
The market just flipped from a downtrend back to an uptrend.
We're holding above 23,800 and trading past the channel midpoint.
Next stop? Resistance at 24,182.
An aggressive break above the falling trendline could push us to 24,341.
Key supports to manage your risk: 23,845 & 23,690.
#Trading #TechnicalAnalysis #PriceAction #Charts
Nifty Prediction For Tomorrow 18 May 2026 By Rohit Srivastava | Indiacharts
The Nifty 50 continues to face immense selling pressure, completely failing to break the critical 23,839 resistance zone. We dive deep into the charts, mapping a major downward channel that confirms a prolonged bearish trajectory. Because this resistance remains unbroken, the index looks poised to drop to the key Fibonacci 61.8% support level at 23,100. Watch this technical breakdown to prepare your portfolio, as a failure to hold 23,100 could drag the market down to 22,950!
Nifty Update As On 18-05-2026.
SEBI Registered Name: Indiacharts Data Analytics Private Limited.
SEBI Registration No: INH000023630.
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