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ForFriday, August 18, 2017, the trend deciding point for the day for Nifty emergesat 9844 mark. On its down move Nifty is expected to take support around 9844mark. If this level is broken due to strong selling pressure, then the nextsupport is expected to emerge at 9767 mark.But this will be possible only ifthere is a sharp down move. On ascent, the first resistance exists at 9972 mark,the first weekly resistance. A sharp up move can make nifty cross this leveland make it reach to 9999 mark, depending on the force of demand pressure. An intermediate resistance stands at 9947mark. If there is not much demand, then Nifty can reverse from here for downside,instead of 9972 mark. On the other hand, an intermediate support exists at 9872mark. If there is not much supply, then Nifty can reverse from here for upside,instead of 9844 mark.

ForFriday, August 18, 2017, the trend deciding point for the day for Bank Niftyworks out at 24156 mark. Thus any fall in Bank Nifty towards this level of 24156should get a support. If this support zone is broken due to strong sellingpressure, then the next support is expected to emerge around 23969 mark. Butthis is possible only if there is a sharp downmove. On the ascent, an importantresistance exists at 24537 mark. If this is crossed, then the next resistance isexpected to emerge at 24732 mark.

For Friday, August 18, 2017, the trend reversal point for Nifty stands at 9802in spot. Any close BELOW 9802 in spot on Friday will change the trend in Niftyto NEGATIVE. Again, that for Bank Nifty,this level stands at 23906 in spot. This implies that a close BELOW 23906 on Fridayfor Bank nifty in spot will change the trend in that index in to NEGATIVE.

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