Nifty consolidated whole day and was dropping little by little.
A moving average crossover is there on a 60 minute time frame.
The globe markets closed in red on friday and a gap down was expected.
Market has been taking resistance from its 20 ema on smaller time frame and has closed just near the resistance levels.
Support :- 16900, 16830
Resistance :- 17000, 17090
The market can consolidate tomorrow as bank nifty closed in green and nifty was other way.
A moving average crossover is there on a 60 minute time frame.
The globe markets closed in red on friday and a gap down was expected.
Market has been taking resistance from its 20 ema on smaller time frame and has closed just near the resistance levels.
Support :- 16900, 16830
Resistance :- 17000, 17090
The market can consolidate tomorrow as bank nifty closed in green and nifty was other way.
