Nifty view for 19/05/22
Nifty again tested it 16400 level of resistance and retraced heavily to its support level.
There is still a moving average divergence.
On hourly time frame, it has closed above its 20 ema.
It has closed near its strong support level and above its 200 ema on 15 minute analysis.
Support :- 16210, 16080
Resistance :- 16400, 16480
Wait for the price action near the levels before entering the markets.
There is still a moving average divergence.
On hourly time frame, it has closed above its 20 ema.
It has closed near its strong support level and above its 200 ema on 15 minute analysis.
Support :- 16210, 16080
Resistance :- 16400, 16480
Wait for the price action near the levels before entering the markets.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.