Nifty view for 17/05/22.
Nifty has closed in green on daily time frame and has formed an inside candle too.
There is a bearish moving averages divergence and markets can remain in a narrow range.
The market faced a good resistance from its 20 ema on hourly time frame. And traded around its 20 ema on 15 minute chart.
Support:- 15830, 15745
Resistance :- 15895, 16080
Markets are still in a confusion and can remain in a narrow range.
Wait for the price action near the levels before entering the markets.
There is a bearish moving averages divergence and markets can remain in a narrow range.
The market faced a good resistance from its 20 ema on hourly time frame. And traded around its 20 ema on 15 minute chart.
Support:- 15830, 15745
Resistance :- 15895, 16080
Markets are still in a confusion and can remain in a narrow range.
Wait for the price action near the levels before entering the markets.
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