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Nifty - Fresh ray of hope for bulls

Long
Nifty 50 Index (NSE:NIFTY)  
Scout_Stock  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Trend Lines Candlestick Analysis nifty50 NIFTY
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trendanalysis trendline candlestick nifty50 nifty
As nifty successfully closed above a significant mark of 16220,
Avid bad global cues, current resistance at 16500 and 16605.
Nifty is bullish above a weekly closing above 16605, but Confirmatory above 16820 only.
If global factors remain neutral or positive gap up opening between 16420-16480 expected.
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