Nifty followed the trend line support and supply zone. The index is presently at a previous support/resistance levels.
in case of gapdown opening and move down , downside levels are 16850/800/750. 16850-750 is strong supply zone and should help nifty bounce back. in case of breakdown below 16750, we could see fall till 16400 for week.
upside resistance/targets will be 17100/145/180/220 in case of up movement.
market is still bearish and sell on rise still holds
in case of gapdown opening and move down , downside levels are 16850/800/750. 16850-750 is strong supply zone and should help nifty bounce back. in case of breakdown below 16750, we could see fall till 16400 for week.
upside resistance/targets will be 17100/145/180/220 in case of up movement.
market is still bearish and sell on rise still holds