Support- 16200 Resistance- 16500 Nifty is expected to move b | Stock Shiksha
Support- 16200 Resistance- 16500
Nifty is expected to move between given range. Yesterday US indices fell sharply ahead of inflation data which is closely being watched by investors. Next FOMC meeting will take place. Market is going to be nervous till 15th June.
Technically, Nifty is expected to open with gap down opening. Near support area one can buy but keep strict stop loss. Nifty came to near given resistance yesterday which was selling point. Those who sold yesterday can book profit today. Selling is recommended on higher side and don't sell on gap down opening.
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