NIFTY - 16054 - Resistance-

16050 is the strong resistance and is also a range for trendline breakout. Once the breakout is confirmed and sustained, we can see levels of 16410 - 16450. Today it might be possible considering the market movement and momentum after a volatile market for the past few days as the bank nifty has tried to break upwards while nifty has continuously gone down.

Note

OK. Trendline has touched. Let's see

Note

Looks like the target 16410 is a distant area. Fingers crossed

gopalpottabathni

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