NIFTY 50 Analysis for this week
Nifty opened gap down, saw some selloff though it closed almost where it opened.
The structure of the index is still weak, it has created a strong resistance around 16800-17000 levels and is still a sell on rise market, and can be shorted if seen near these resistance levels.
The next good support I see is around 15800- 15600.
The structure of the index is still weak, it has created a strong resistance around 16800-17000 levels and is still a sell on rise market, and can be shorted if seen near these resistance levels.
The next good support I see is around 15800- 15600.
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