Description
⋅ Nifty has rallied 400 points and has closed on a bullish note on daily chart.
On 15 minute time frame analysis, nifty has closed above its 20 and 200 ema.
The moving averages are close and there can be a bullish moving averages divergence.
Support :- 16210, 16080
Resistance :- 16400, 16480
The market can take a rest in a narrow range.
Wait for the price action near the levels before entering the markets.