Market momentum is back for the time being as NIFTY has sustained above 16400-16495 zone which was a strong resistance. On Monday the market closed at 16664.1 which is just below another strong resistance zone of 16690 to 16753. Crossing this zone, we can see a rally up to 16900-17300 zone.
Resistance levels: 16690, 16753, 16959, 17100 and finally if the momentum sustains we can arrive up to the mega resistance of 17385.
Support Levels: 16500, 16219, 15913. The range between 15886 to 15700 is a mega support zone.
Resistance levels: 16690, 16753, 16959, 17100 and finally if the momentum sustains we can arrive up to the mega resistance of 17385.
Support Levels: 16500, 16219, 15913. The range between 15886 to 15700 is a mega support zone.
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