NIFTY is having some butterflies in the stomach ahead of the 27th July US FED meeting. Clearly the indices like IT, Midcap and Smallcap will be in a lot of pressure. Support for Nifty will be at 16483 and 16459 below these levels Nifty can have a free fall till the levels of 16353 or 16276. Resistances on the upper side will be at 16562, 16687 and finally 16756.
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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.