Nifty view for 18/05/22
Nifty has rallied 400 points and has closed on a bullish note on daily chart.
On 15 minute time frame analysis, nifty has closed above its 20 and 200 ema.
The moving averages are close and there can be a bullish moving averages divergence.
Support :- 16210, 16080
Resistance :- 16400, 16480
The market can take a rest in a narrow range.
Wait for the price action near the levels before entering the markets.
On 15 minute time frame analysis, nifty has closed above its 20 and 200 ema.
The moving averages are close and there can be a bullish moving averages divergence.
Support :- 16210, 16080
Resistance :- 16400, 16480
The market can take a rest in a narrow range.
Wait for the price action near the levels before entering the markets.
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