Nifty showing signs of weakness - 16700 strong resistance now.

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.

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