Nifty has given a spinning top candle on a weekly close and is trading below its 20 ema.
On hourly candle, it has closed below the 20 ema and was bearish in the second half of the trading session.
It lost around 135 point in a single hourly candle and closed near the day's low.
Nifty still not closing above its 200 DMA and has fallen after taking a resistance from it.
Support :- 16500, 16480, 16400
Resistance :- 16640, 16700
Wait for the price action near the levels before entering the markets.
On hourly candle, it has closed below the 20 ema and was bearish in the second half of the trading session.
It lost around 135 point in a single hourly candle and closed near the day's low.
Nifty still not closing above its 200 DMA and has fallen after taking a resistance from it.
Support :- 16500, 16480, 16400
Resistance :- 16640, 16700
Wait for the price action near the levels before entering the markets.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.