Nifty view for 30/05/22
Nifty on the daily time frame has given a nice bullish movement and has closed near to 20 DMA.
On hourly candle, it has closed above the 20 ema but it still in between the two EMAs.
Market has closed above its 20 and 200 ema. Nifty is weaker than banknifty, wait for it go give a move it can trade upto next targets.
Support :- 16210, 16080
Resistance :- 16400, 16480
Nifty can be strong for tomorrow. Will be bullish and trade accordingly.
Wait for the price action near the levels before entering the markets.
On hourly candle, it has closed above the 20 ema but it still in between the two EMAs.
Market has closed above its 20 and 200 ema. Nifty is weaker than banknifty, wait for it go give a move it can trade upto next targets.
Support :- 16210, 16080
Resistance :- 16400, 16480
Nifty can be strong for tomorrow. Will be bullish and trade accordingly.
Wait for the price action near the levels before entering the markets.
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