Nifty was in a bearish mode and the initial gap down of 300 point made it clear.
The market on day to day close is down by 400+ point. It has taken support from its 15720 support.
The market has gained some points in the last trading hour.
Though market has closed near its 15 minute 20 ema.
The market may remain bearish or consolidate in a narrow range.
Support:- 15720, 15500
Resistance:- 16020, 16200
Wait for the price action near the levels before trading the markets.
The market on day to day close is down by 400+ point. It has taken support from its 15720 support.
The market has gained some points in the last trading hour.
Though market has closed near its 15 minute 20 ema.
The market may remain bearish or consolidate in a narrow range.
Support:- 15720, 15500
Resistance:- 16020, 16200
Wait for the price action near the levels before trading the markets.
