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NIfty at 18655. Double top formation.

 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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