Ravi Nathani shares key levels on Nifty, Nifty Bank indices for Friday

18,125 will trigger some strength for bulls on Nifty50 index whereas the expected targets would be 18,180 - 18,225 - 18,300

NIFTY CMP: 17,992.15

As suggested in January 5th article, Nifty traded exactly within the mentioned range and closed just above the important support level of 17,990.00. The Nifty index's intra-volatility was 228 points and it managed to recover 100 points from the low, in the last half-an-hour of trade. Short covering/buying was witnessed in FMCG, IT, Energy, and Financial names which helped the Index close with only 50-point cut and just below 18,000 level. Since the start of this week, Nifty is trading broadly within the range of 18,300 – 17,800. Trade above or below the said range will set the