Nifty Market Structure 30 May
1. Nifty is currently at resistance level of 16400
2. This level has been tested multiple times in past, so it is weaker this time. Higher probability that this will break.
3. If it breaks 16400, next resistance at 17000 level.
4. If it reverses, next support at 16200 and then 16000
2. This level has been tested multiple times in past, so it is weaker this time. Higher probability that this will break.
3. If it breaks 16400, next resistance at 17000 level.
4. If it reverses, next support at 16200 and then 16000
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