ipuneet

Nifty showing signs of weakness - 16700 strong resistance now.

Short
NSE:NIFTY   Nifty 50 Index
Nifty showing some resilience at 16700 levels, there are a few signals indicating distribution around current levels.
16700 is strong resistance, while 16490, 16380 and 16180 are immediate supports.

View negates once it closes above 35700 on two consecutive sessions.



To be used for education or research purposes, not an advice to trade.
Please consult some expert financial consultant while taking any position in the financial markets.

Comments

there is a typing error, two closings above 16700, typed it as 35700. please excuse.
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Thank you
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