As analysed previously we did see a great recovery after being influenced by global scenario but going by the technicals we know that previously acting as a support will act as a resistance after its breakdown but since this breakdown has been made made due to global scenario and hence could be a false breakdown
Keeping ourselves in the safe side, we should not take any new buying positions until NIFTY sustains above 16860 as this level could act as a great resistance and hence we can take new selling position from there
Keeping ourselves in the safe side, we should not take any new buying positions until NIFTY sustains above 16860 as this level could act as a great resistance and hence we can take new selling position from there