Nifty has given a bearish engulfing candle and the trend seems to be bearish.
There is a moving averages cross over in hourly time frame and the market sold off in the second half.
The market may remain bearish tomorrow.
Support:- 16320, 16230
Resistance:- 16400, 16400
Wait for the price action near the levels before trading the markets.
There is a moving averages cross over in hourly time frame and the market sold off in the second half.
The market may remain bearish tomorrow.
Support:- 16320, 16230
Resistance:- 16400, 16400
Wait for the price action near the levels before trading the markets.
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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.
Related publications
Disclaimer
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.