Resistance for Nifty is 16590, 16570, and below 16540 a big sell is expected.
Support for Nifty is 16540, 16500, 16440, and 16360.
Global market sentiment is mostly negative. Nasdaq fell 200 points and recovered from there, same for DJI.
Book your profit on time otherwise you may get stuck in a dump and pump situation like before. where Nifty fell almost 200 points and recovered from there.
Nifty opening below 16540 would be counted as negative.
Do your own analysis before taking any trade and trade with SL. Thank you