Nifty - Faced resistance exactly as we posted. So what Next ?

NSE:NIFTY   Nifty 50 Index
Nifty hit intraday high of 16589 and faced resistance exactly in the resistance zone 16575-16610 as we posted.

Nifty 16563 is holding on the support zone 16538-16566.

As long as Nifty trade below 16566,we shall expect 16433.

Initiate trade only on CLOSE below 16566 with SL 16598


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