Nifty has given another negative candle and couldn't hold on to 17000 level.
After the initial gap up the market remained negative and closed almost flat.
On the hourly time frame, the market took Resisitance from its 20 ema.
The market for 2 days had remained in the same range and in the coming week market can give some retracement before continuing the down move.
The market are still holding above 16800 levels and couldn't cross 17000 level.
Support :- 16840, 16750, 16650
Resistance :- 16920, 16990-17000
Wait and watch the price action near the levels before trading the market.
After the initial gap up the market remained negative and closed almost flat.
On the hourly time frame, the market took Resisitance from its 20 ema.
The market for 2 days had remained in the same range and in the coming week market can give some retracement before continuing the down move.
The market are still holding above 16800 levels and couldn't cross 17000 level.
Support :- 16840, 16750, 16650
Resistance :- 16920, 16990-17000
Wait and watch the price action near the levels before trading the market.
