Expecting Nifty to open flat to small gap up.
16608 is a strong support in case of Nifty & 16665 is first resistance to watch out.
A support at 16665 we can expect Nifty to test 16670 & then if that is taken out we can expect 16700 levels to be tested again.
Any good rejection around 16686 we can look for possible shorting opportunity.
In case 16608 is compromised we can expect 16550 levels to be tested.
16608 is a strong support in case of Nifty & 16665 is first resistance to watch out.
A support at 16665 we can expect Nifty to test 16670 & then if that is taken out we can expect 16700 levels to be tested again.
Any good rejection around 16686 we can look for possible shorting opportunity.
In case 16608 is compromised we can expect 16550 levels to be tested.