Nifty is in a downward channel depicted by orange line , presently it is betn extremely crucial levels of 16600 and 16700,
16800 is a strong resistance,any break and sustenance above 16800 will signal bullishness and close below 16450 will lead to levels of 16000 and further 15500 . In near time frame of this week I expect a sideways movement
Overall my view is bearish on the mkt
16800 is a strong resistance,any break and sustenance above 16800 will signal bullishness and close below 16450 will lead to levels of 16000 and further 15500 . In near time frame of this week I expect a sideways movement
Overall my view is bearish on the mkt
