Market Technical View-18 July *LINK*

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Markets ended on a flat note after amid volatility led by sustained selling for the whole session. Nifty future found strict resistance near 5250 and dragged below 5200. On daily charts, nifty is observed in correction phase where if it surpasses 5160 then it may test the next support of 5120. While, 5250 is still seen as key resistance for it and nifty needs to maintain above this level to gain strength and 5300 is observed as major resistance for it.

TREND: SIDEWAYS
SUPPORT : 5160 & 5120
RESISTANCE: 5250 & 5300

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