After multiple occasions and multiple tries still NIFTY is not able to hold above 16400 level. Any positive move towards 16768 or 17391 will happen only if the levels of 16400 and 16492 are crossed on a daily closing. Support and resistance levels are as under:
Resistance levels: 16400, 16492, 16664 and finally the mega resistance zone of 16778-16916 zone.
Support Levels: 16198, 16131, 16000. The range between 15886 to 15700 is a mega support zone.
Resistance levels: 16400, 16492, 16664 and finally the mega resistance zone of 16778-16916 zone.
Support Levels: 16198, 16131, 16000. The range between 15886 to 15700 is a mega support zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.