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Nifty view for 11/05/22.

Nifty 50 Index (NSE:NIFTY)  
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NSE:NIFTY   Nifty 50 Index
Support and Resistance Moving Averages Multiple Time Frame Analysis niftybank NIFTY niftyanalysis niftytrend niftyindia niftyprediction niftyoutlook niftyview niftytradesetup
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supportandresistance movingaverage mtfa niftybank nifty niftyanalysis niftytrend niftyindia niftyprediction niftyoutlook niftyview niftytradesetup
Nifty has been trading in a range for last 2 trading sessions.

The moving averages are also narrowing down on daily time frame.

Nifty touched its resistance level of 16400 and fell aggressively in the last trading hour getting market in red.

Support :- 16220, 16000
Resistance ;- 16400, 16480-500

Markets are volatile and range bound.

Wait for the price action before entering the markets.

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