Nifty view for 20/05/22
Nifty has closed in red and after a initial gap down it travelled further down closing 400+ in red.
It still seems to close above the near support of 15750
The market slowly and slowly travelled down to 15800.
Support :- 15750, 15680
Resistance :- 15900, 15960
These support and resistance level may not make any sense in this kind of market where there in a huge gap up or gap down prevails.
Still the market are hugely volatile. Wait for the price action near the levels before entering the markets.
It still seems to close above the near support of 15750
The market slowly and slowly travelled down to 15800.
Support :- 15750, 15680
Resistance :- 15900, 15960
These support and resistance level may not make any sense in this kind of market where there in a huge gap up or gap down prevails.
Still the market are hugely volatile. Wait for the price action near the levels before entering the markets.
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