Nifty view for 26/05/22
Nifty has been taking resistance from its 20 ema on daily time frame.
Market has been constantly taking resistance from 16400 level.
On 15 minute analysis, bearish moving averages divergence is there and market has closed below both the moving averages.
Support :- 16000, 15900
Resistance :- 16210, 16400
The markets has in red for last 3 days.
Wait for the price action near the levels for confirmation and remember its an expiry day.
Market has been constantly taking resistance from 16400 level.
On 15 minute analysis, bearish moving averages divergence is there and market has closed below both the moving averages.
Support :- 16000, 15900
Resistance :- 16210, 16400
The markets has in red for last 3 days.
Wait for the price action near the levels for confirmation and remember its an expiry day.
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