Nifty view for 16/06/22
Nifty has formed a hanging man candle and an inside candle.
The nifty retested the support of 15690 and closed just near the level.
The market couldn’t sustain its intraday moving averages.
The range is wide and tomorrow is weekly expiry. Watch for a break out/ down as market can be trending in the second half.
Support:- 15690, 15625
Resistance:- 15850, 16020
Wait for the price action near the levels before trading the markets.
The nifty retested the support of 15690 and closed just near the level.
The market couldn’t sustain its intraday moving averages.
The range is wide and tomorrow is weekly expiry. Watch for a break out/ down as market can be trending in the second half.
Support:- 15690, 15625
Resistance:- 15850, 16020
Wait for the price action near the levels before trading the markets.
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