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Nifty view for 31/05/22.

Nifty 50 Index (NSE:NIFTY)  
Mambotrade  
NSE:NIFTY   Nifty 50 Index
Support and Resistance Moving Averages Multiple Time Frame Analysis NIFTY banknjfty niftyanalysis niftyprediction niftytrend niftyindia niftyoutlook niftytradesetup niftyintradaylevels
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supportandresistance movingaverage mtfa nifty banknjfty niftyanalysis niftyprediction niftytrend niftyindia niftyoutlook niftytradesetup niftyintradaylevels
Nifty has created a gap and in second half consolidated above 16600.

Market were strong and remained in green the whole day.

On 15 minute analysis, it has respected the support of 20 ema.

Support :- 16600, 16480
Resistance :- 16700, 16800

Market has been given a nice movement initially even after the gap up.

Wait and watch the price action near the levels before trading the market.

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