Nifty is standing just above strong support of 16044. if nifty moves up from where it left off then it may also cross 16100 and may reach to the level of 16158. between 16158 to 16210 is an Extremely strong resistance. if nifty crosses over 16210 then it may also cross then it may also cross 16266 and may reach to the level 16320. . if nifty moves down below...
As we analsyed that 16400 is an important support and we did saw the same though it was weak in the first half but closed above our important support which shows that NIFTY is ready for another upmove. If nifty opens flat to sloghtly bullish we can make new buying position keeping small SL, On the other hand if opens weak and sustains below then only we can plan...
Understanding trends through support and resistances.
Understanding trends through support and resistances.