Nifty again tested it 16400 level of resistance and retraced heavily to its support level.
There is still a moving average divergence.
On hourly time frame, it has closed above its 20 ema.
It has closed near its strong support level and above its 200 ema on 15 minute analysis.
Support :- 16210, 16080
Resistance :- 16400, 16480
Wait for the price action near the levels before entering the markets.
There is still a moving average divergence.
On hourly time frame, it has closed above its 20 ema.
It has closed near its strong support level and above its 200 ema on 15 minute analysis.
Support :- 16210, 16080
Resistance :- 16400, 16480
Wait for the price action near the levels before entering the markets.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.