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Nifty -What next ?

NSE:NIFTY   Nifty 50 Index
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Nifty 16275 - As no support by retailers in 16312-16344 zone Nifty has been moved down to 16210 zone and reversed. We expect 16312-16344 zone will act as resistance.

If Nifty trend is positive, with the above zone as support it shall be moved to 16409

If the trend is negative, with the above zone as resistance Nifty will be moved down to 16175 to 16065.

Trend decider zone : 16296-16270

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