Nifty 50 IndexUpdated

NIFTY 50 Index current trend and levels

as one can see nifty 50 spot drifting down in channel .
16600 nifty index spot is now near spport area 16550 16350 and below that 200 sma 200 ema area strong support ie 16300-16250 area..
(one can look beyond that if 15900-15600 area support line area ).if only.
this is posted as technical learning via sharing view comment welcome. market always risky so always confirm ur end techno funda.
as secissy is ur risk is ur .
Note
as it touched 16400 area in channel lower tl..it bounce now 16900
Note
Now 20000 area as projected closed

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