Nifty opened with a small gap-down around 16500, after making a low near 16450 we saw a bounce in towards 16584 and after some consolidation, Nifty made a new day high near 16650.
Tomorrow, if the Nifty breaks 16650 on the upside, we expect to see a further upmove but 16700 is resistance so be cautious in that zone.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.