Nifty after an initial gap down tried to rally and took resistance from its 20EMA.
The market closed around its hourly 20 ema and the support level of 15780.
Nifty remained in an up trend and crossed the resistance levels. In the final hour of the trading session the market pulled back around 70-80 points.
On a smaller time frame the market is stuck between its 20 and 200 ema.
Support:- 15780, 15690
Resistance:- 15850, 15920, 16020
Wait for the price action near the levels before trading the markets.
The market closed around its hourly 20 ema and the support level of 15780.
Nifty remained in an up trend and crossed the resistance levels. In the final hour of the trading session the market pulled back around 70-80 points.
On a smaller time frame the market is stuck between its 20 and 200 ema.
Support:- 15780, 15690
Resistance:- 15850, 15920, 16020
Wait for the price action near the levels before trading the markets.
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