Nifty view for 05/07/22
Nifty seems bullish but couldn’t close above its 20 DMA. There is a resistance at 15850.
On 30 minute time frame, there is bullish moving averages cross over coming. If there is a km cross over and markets crosses 15880 level. Market can test 16k levels
On a smaller time frame the market closed above its 20 and 200 ema.
Support:- 15770, 15700
Resistance:- 15880, 16000
Wait for the price action near the levels before trading the markets.
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