During recent past the Index has quite out performed Nifty Darling. Nifty lost its 200 DMA, but on the other hand Bank Nifty has managed to hold its 200 DMA.
Last Close @ 18338
The Index found resistance around its 20 DMA , however closed above 5 & 10 EMA
Immediate Support at 18200. Above 18200 rally up to 18450-18500 can't be ruled out.
Don't remain short above 18500
If sustains above 18500 the index may fire to kiss 18700-18800 levels
Below 18200 bears will have upper hand and the Index may move to 17800-17700 levels.
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