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Markets preparing for Big Move? Top Reversal.

 Nifty cmp 18125.

It appears that, nifty preparing for top reversal.

Tonight's Fed Rate decision and Tomorrow's RBI Mpc committee meet would decide next direction of the market.

As of now, As per Technical INdicators, parameters, It appears that, markets closing doors for further upmove.

Next Resistance at 18350.

Below 18060, Seller can be active and drag nifty further.

Cautious on holding long positions.

Nifty next crucial supports at 17700 and 17420.

REgards,

Suryadev Bandari

Research Analyst



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