The nifty market opened in red with a minimal loss and is trading at 5605 levels with a loss of (- 4.85) points and with a loss of (- 0.11 %). Nifty Intraday tips for today is to buy nifty as the nifty oscillator is showing buy signal. The nifty market closed at bull note at the market but today the opening for nifty is bearish but the nifty trend is expected to gain in the upcoming hours.

Nifty Intraday Support and Resistance Today 18 Sept:

Intraday Resistance of NIFTY are 5651 / 5685 / 5726.9 / 5765.

Intraday Support of NIFTY are 5569 / 5535 / 5500.8 / 5463.6.

Nifty is getting more bearish trend, Today also nifty closed with a nagetive mode. Although Today it start with a positive mode and touch the intraday high of 4650.85 but after that nifty had get selling presure and come down to the levels of 4500. It was clear that bears have taken over the Street and have set up camp for good. Experts are turning bearish on India as they feel that macro-economic and government policies can only trigger market now.

May be the reason is down trend of Rs against US Dollar. The rupee has dropped more than 16% against the US dollar since July, making it Asia's worst performing currency this year.

Today Nifty Closed at 4,544.20 with the loss of 68.90 points or 1.49% down. From here nifty is looking more bearish. It is looking bearish in the coming trading session if it manages to trade below the support level of 4450 else above resistance level of 4620 it would be in an upward trend.

Support      :  4450  :  4370.

Resistance :  4620  :  4700.

Today also nifty closed with a nagetive mode. Today it start with selling presure and touch the level of 4500 in early session of the day, may be the reason is down trend of Rs against US Dollar. The rupee has dropped more than 16% against the US dollar since July, making it Asia's worst performing currency this year.

Today Nifty Closed at 4,613.10 with the loss of 38.50 points or 0.83% down. From here nifty is looking consolidate. It is looking bearish in the coming trading session if it manages to trade below the support level of 4530 else above resistance level of 4700 it would be in an upward trend.

Nifty index closed at 4851.60 with the loss of 215.10 or -3.63%. The Nifty Sept future finally settles at with a loss 242.75 pts or -4.97% below at 4843.15 and increased 1703850 shares in the open interest. The Nifty future turned to the discount of 8.45 from premium of 19.20 where as cost of carry is -13.54% vs.10.45%. Nifty future has closed at 4643.15 and now next logical resistance is at 4850 and 4920 levels, and good support near 4500 and 4340 levels

Bank Nifty index closed at 8171.90 with the loss of 639.20 pts or -7.25%. The Bank Nifty Aug future finally settles at loss of 703.45 pts or -7.95% below at 8139.80 and increased 292825 shares in the open interest. The Bank Nifty future came to a discount of 32.10 from premium of 32.15 earlier, whereas cost of carry is -6.25 vs 11.31 Bank Nifty futures has closed at 8843.25 and now next logical resistance is at 8700 and 9000 levels, and good support near 7890 and 7499 levels.

Nifty was down today also. Today it started with the selling presure and started with negative mode made a intraday low of 4664.9 in morning session. And from there it start to recover. Benchmark share indices ended lower, amid a volatile trading session Thursday. May be the reason is europe market crisis.

Now Nifty is looking consolidate from this point. We suggest don't make any fresh position in this volatile market.