Nifty view for 17/06/22

Nifty from the day high has fallen around 500 points and forming a bearish engulfing candle.

Market after touching the resistance level of 15780 dropped sharply.

The market couldn’t sustain its support and looks bearish as its next support is far off.

Support:- 15125, 14950
Resistance:- 15530, 15625

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