Nifty even after a gap down traveled to lower levels and was weaker than Banknifty.
The markets are still in a near trend. Nifty took support from its trend line and closed near it.
On hourly and 15 minutes time frame, markets are unable to cross its 20 ema.
Support:- 15530, 15625
Resistance:- 15380, 15200
Global markets are still negative and inflation data are fearing the market players.
Wait for the price action near the levels before trading the markets.
The markets are still in a near trend. Nifty took support from its trend line and closed near it.
On hourly and 15 minutes time frame, markets are unable to cross its 20 ema.
Support:- 15530, 15625
Resistance:- 15380, 15200
Global markets are still negative and inflation data are fearing the market players.
Wait for the price action near the levels before trading the markets.
