Nifty view for 01/07/22

Nifty has taken a nice support from its monthly 20 ema. Nifty has fallen around 5% this month.

Nifty has formed a confusion candle on daily analysis. The market closed below its hourly 20 ema. And the trend is still not defined

On a smaller time frame the market closed below its 20 and 200 ema.

Support:- 15690, 15625
Resistance:- 15850, 15780, 15920

Wait for the price action near the levels before trading the markets.