NIFTY near resistance at 16700

NIFTY has daily EMA 200 at 16720. A daily close above this will help NIFTY move towards 16800. 16800 is also a big resistance. No bullish positions to be taken until 16800 is breached on daily charts. NIFTY may reverse from these levels, unless there is a big momentum.

DISCLAIMER: All ideas published here are for personal education. These ideas should not be used for any trading.