Nifty view for 08/06/22
Nifty after a gap down travelled even below to the level on 16350, filling the gap and retracing back to the support of 16400.
Market has closed below its 20 DMA and on and hourly time frame there is bearish moving averages cross over.
Price is just traveling around the moving averages.
Support:- 16400, 16300
Resistance:- 16480, 16640
Market can remain in red for tomorrow as there is RBI policy.
Wait for the price action before entering the market.
Market has closed below its 20 DMA and on and hourly time frame there is bearish moving averages cross over.
Price is just traveling around the moving averages.
Support:- 16400, 16300
Resistance:- 16480, 16640
Market can remain in red for tomorrow as there is RBI policy.
Wait for the price action before entering the market.
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