Nifty again on a Crossroad.After giving a fantastic Breakout and candle above 200 EMA on Friday all Nifty needed is a good follow up green candle today to validate it. Global pressure and uncertainty related to war along with article in a financial weekly regarding Capital gain tax increase plan of Central Govt which has been debunked now brought weakness to the market and heavy selling pressure which made the market fall more than 208 points. Supports on the lower side are 16528, 16342 below these levels it will be 15992, 15649. On the upper side again as 16693, 16814 and 17214. Mostly will open positive tomorrow as NASDAQ and DJI and most of EU in positive. SGX NIFTY is also positive as of now.
