#Nifty

"Good morning! As of May 16th, today's sentiment remains the same with no significant difference compared to the last trading session. However, the global market has shown a positive start with a moderately bullish nature. There may be a gap-up at the beginning, and if it sustains, we can expect a continuation of the rally with minor consolidation, but it should break the immediate resistance level. On the other hand, if the market declines sharply at the start, we can expect a correction. If you want confirmation, you can use EMA20 and fib. If the market breaks EMA20 and the fib level of 38%, that's a sign of a trend reversal."