After nifty making downtrend, it made a new high at level B as indicated in the chart which confirmed the support at the levels of 15750 and it rally to a fresh high thus making the trade little confusing so no fresh positions are to be made as nifty has formed the trading range at lower part of the ongoing downtrend hence it may reverse but there is further resistance at the levels of 16600-16800,or may continue its down journey to the levels of 15000-14000.
overall intermediate trend is bearish but deeper pullback of downtrend is still awaited hence market may touch the levels of 16800.
overall intermediate trend is bearish but deeper pullback of downtrend is still awaited hence market may touch the levels of 16800.
Handel aktiv:
nifty 16600 pe @94 sl 67