Index View for 12 January 23

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Nifty (17896) ‘Nifty is a Make-or-break zone…breach of 18000 could make it slide to around 17500…stiff resistance exists at 18000’ the Nifty took support and finally breached it…18150 is now a stiff resistance to deal with and downside is open…

Bank Nifty (42233) Bank Nifty too looks weak but a reaction is not ruled out…stiff resistance is at 42500 and support is around 41800…the Nifty Bank has stayed weak and still looks weak…stiff resistance is at 42500…