Nifty opened gap down, saw some selloff though it closed almost where it opened.
The structure of the index is still weak, it has created a strong resistance around 16800-17000 levels and is still a sell on rise market, and can be shorted if seen near these resistance levels.
The next good support I see is around 15800- 15600.
The structure of the index is still weak, it has created a strong resistance around 16800-17000 levels and is still a sell on rise market, and can be shorted if seen near these resistance levels.
The next good support I see is around 15800- 15600.
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