Pre-open Daily Tech view of Nifty spot for 17.05.2022

BY A STAFF REPORTER 

After 6 days consecutive negative closing yesterday the starting of the week Nifty closed with a positive note of 60 points at 15842. Open & closing almost same so Doji candle formation.

High – Low 15977—15739.

As per last 3 days range bound momentum range basically in between 16100 to 15700.

Doji candle though indecisive but Chances of reversal above 16000-16035 subject to hold below 15735 Resistance 16111 –16200 & 16350 otherwise fresh bear grip chances are there to test 15650 & then lower bottom 15500—15400 mark.

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Source : Eureka

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