as per gann fann nifty support 16450 and resistance 16700
scenario 1 - if we see any bullish candle on 5 min chart around 16450 we can take risk with small stoploss in intraday.
scenario 2 - below 16440 if one 15 min candle closes than we may see 16200 level on downside
scenario 3 - in intraday we can take risk on buy side if nifty sustains above 16720
scenario 4 - if we see any negative/bearish candle around 16680-16700 than we can short nifty with small stoploss.
for breakout 16830 is major hurdle above 16830 we can see rally towards 17200, 17400
scenario 1 - if we see any bullish candle on 5 min chart around 16450 we can take risk with small stoploss in intraday.
scenario 2 - below 16440 if one 15 min candle closes than we may see 16200 level on downside
scenario 3 - in intraday we can take risk on buy side if nifty sustains above 16720
scenario 4 - if we see any negative/bearish candle around 16680-16700 than we can short nifty with small stoploss.
for breakout 16830 is major hurdle above 16830 we can see rally towards 17200, 17400