Every meaningful rally is not complete or can not surge further without a healthy correction. What we are seeing today might just be that. At least we can say so until the Nifty falls beyond 16666. Until 16666 every call should be treated as a buying opportunity. If 16666 is broken then Bears may grip the market. 16666 is a distance away currently. The supports and resistances right now in front of us are:
Resistances: 17992, 18117, 18371 and finally 18604.
Supports: 17778, 17720, 17587 will be a strong support. Beyond that 17396 and 17113.
Final Supports for the current rally: 16842 and 16666.
Resistances: 17992, 18117, 18371 and finally 18604.
Supports: 17778, 17720, 17587 will be a strong support. Beyond that 17396 and 17113.
Final Supports for the current rally: 16842 and 16666.
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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.