Nifty cmp at 18650. Unless nifty close above 18700 spot, outlook remains Bearish. Double top formation around 18695 spot . Technically Negative Divergence formed in Daily t.f. signalling upward steam fizzle out any time soon. Price action must confirm this view by dip below 18530 spot. Crucial supports 18530-18450. Crucial resistance 18695-725. Regards, Suryadev Bandari Research Analyst
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