Nifty could not hold above 50 hours EMA.Powell's Speech at Jackson hole Symposium to decide the direction of NIFTY and other global indices. Green lines support red lines resistances. Unfortunately we could not end above 50 hours EMA. Despite multiple attempts today. Good outlook from Powell can give us gap up above 50 EMA. Otherwise things can slide down side next week.
Supports : 17484, 17346, 17246 and finally 17021. Below this level we can see a free fall towards 16900-16445.
Resistances : 17625, 17719 and 17988.
