Nifty has given a bearish engulfing candle and the trend seems to be bearish.
There is a moving averages cross over in hourly time frame and the market sold off in the second half.
The market may remain bearish tomorrow.
Support:- 16320, 16230
Resistance:- 16400, 16400
Wait for the price action near the levels before trading the markets.
There is a moving averages cross over in hourly time frame and the market sold off in the second half.
The market may remain bearish tomorrow.
Support:- 16320, 16230
Resistance:- 16400, 16400
Wait for the price action near the levels before trading the markets.
