*Pre-Open Tech Analysis_ 11.01.2022*

BY A STAFF REPORTER

2nd Week of the Year started with strong note & closed above 18000 psychological mark and gave almost another 200 points rally & one bullish Weekly land mark tested . 

Nifty Spot Day’ High 18018~ & low 17880~ will be very important for rest of the week. 

*On the down side :-* 

•No fresh bullish hope as long as stays below 18054. 1st support 17950.

•Below 17950 next supports are at 17915—17880/858. 

•Bears will get more active below 17880/858 for a move back to 17828 & major 17777-748. 

•On the down side Bulls should hold 17690 or 17655.

*On the upside*:- 

For Next Journey Bulls need to move & stay above 18054 for a move towards 18081/104—18140 & major 18200++. 

*Technically main Wide range :- Upside 18450/500 & Down side 17500/450.*

*Immediate Range :- 18200 – 17700*

Reason behind positivity - Expectation of strong earnings. But due to Volatility traders should cautious at higher ends if fails to cross 18054 as initial basis. Lower levels are good buying opportunities.

*The Option Table data* indicates decent support at 17800 and reasonable resistance at 18200.

Source : Eureka

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