Nifty view for 27/05/22
Nifty on the daily time frame has given a nice hammer candle.
On hourly candle it has closed above the 20 ema and closed just below the resistance level of 16200.
Market remained bullish in the second half of of the day.
The moving averages on 15 minute time frame are close enough. Market has closed above its 20 and 200 ema
Support :- 16080, 16000
Resistance :- 16210,16400
Market has given a bullish closing and can remain bullish.
Wait for the price action near the levels for confirm entries.
On hourly candle it has closed above the 20 ema and closed just below the resistance level of 16200.
Market remained bullish in the second half of of the day.
The moving averages on 15 minute time frame are close enough. Market has closed above its 20 and 200 ema
Support :- 16080, 16000
Resistance :- 16210,16400
Market has given a bullish closing and can remain bullish.
Wait for the price action near the levels for confirm entries.
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