Nifty was in a good up move in the secomd half of the day ans closed above 16400. It almost touched 16500 levels and closed near by.
It has given a nice bullish daily candle and above its 20 DMA.
On 15 minute analysis, it took a nice support from its 20 ema and closed bear its Resisitance level of 16480.
Support :- 16370, 16320
Resistance :- 16480, 16560
Market has been given a nice movement and can remain in green.
Wait and watch the price action near the levels before trading the market.
It has given a nice bullish daily candle and above its 20 DMA.
On 15 minute analysis, it took a nice support from its 20 ema and closed bear its Resisitance level of 16480.
Support :- 16370, 16320
Resistance :- 16480, 16560
Market has been given a nice movement and can remain in green.
Wait and watch the price action near the levels before trading the market.
