A market top will be confirmed if Nifty50 trades below 18000: Aditya Agarwala of YES SECURITIES

However, bulls need to push the Index beyond 18,300 levels to take it back near its recent peak of 18,600 with an intermediate hurdle at 18,450.

Nifty Bank on the other hand has been an outperformer in the past two weeks hitting a fresh all time high of 40,587. Price action continues to remain strong and Index is on course to test levels of 41,000-42,000 in the coming session with 39,000 as a key support area.

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