Nifty view for 02/07/22

The markets are jittery and trend is still not defined.

Nifty filled the gap created by the gap down and remained in a bullish trend for the day.

Nifty has formed an inverted hammer candle on daily analysis.

On a smaller time frame the market closed above its 20 and 200 ema.

Support:- 15690, 15625
Resistance:- 15850, 15780, 15920

Wait for the price action near the levels before trading the markets.