Nifty || 30th May 2022 || Falcon Trader || Daily Analysis

29 May 2022

Gap up to break this level, but then strong resistance ahead can mark a choppy Monday.

Levels to watch:


We have reached reversal area, even though possible price can move up considering positive sentiments, there is strong resistance ahead.

Upside - 16400-16500 levels
Downside - bounce from 16230 levels


[bR]esistance commentary:
16500 level is a strong resistance area followed by 16600 form 1H Time Frame
This should play for this week.

There is more room to play downwards and this can be a temp test of 16600 levels for the week.

30 May 2022

İşlem kapandı: hedefe ulaştı

Target one achieved. Now there will be some pull back. Happy Trading!