Nifty has crossed and closed above its 20 ema on weekly time frame and has given a nice bullish candle.
Markets are bullish and has gained 5%(approx) this week.
On a daily time frame, the market has close above its 200 ema.
The market has been taking support from its 20 ema on 15 minutes time frame. There are sign of another bullish week.
support :- 16485, 16324
Resistance :- 16825, 17000
Market have given a nice move in the previous weeks and can consolidate on week to week close.
Wait for the price action before entering the markets.
Markets are bullish and has gained 5%(approx) this week.
On a daily time frame, the market has close above its 200 ema.
The market has been taking support from its 20 ema on 15 minutes time frame. There are sign of another bullish week.
support :- 16485, 16324
Resistance :- 16825, 17000
Market have given a nice move in the previous weeks and can consolidate on week to week close.
Wait for the price action before entering the markets.
