Nifty on a daily time frame couldn’t close above its 20 ema, even after opening above the level.
The market remained and traded in a range and close below its support level.
The market has consolidated whole day. On 30 minute time frame there is a moving averages cross over.
Support:- 15780, 15690
Resistance:- 15850, 16020
The market can fill the gap or can more higher crossing the crucial round number of 16k.
Wait for the price action near the levels before trading the markets.
The market remained and traded in a range and close below its support level.
The market has consolidated whole day. On 30 minute time frame there is a moving averages cross over.
Support:- 15780, 15690
Resistance:- 15850, 16020
The market can fill the gap or can more higher crossing the crucial round number of 16k.
Wait for the price action near the levels before trading the markets.
