Nifty 50 Index

Nifty view for 19/07/22.

229
Nifty has given a nice marubozu candle on daily time frame.

The markets opened higher and remained in a bullish trend.

On 15 minute time frame analysis, there is a bullish moving averages cross over.

The market has respected the resistance level and has closed just below it.

Support:- 16150, 16020
Resistance:- 16290, 16400, 16480

The market seems bullish and can remain in the bullish mode.
Wait for the price action near the levels before entering the time frame

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