Data Update Nifty Spot

BY A STAFF REPORTER: 

Nifty Spot On the down side :- If Nifty slips below 16500 then it can extend the weakness towards 16370 level to bridge the bearish gap present between 16506 and 16370 levels.

Intraday basis negative below 16497 then supports are 16475- 16444 and 16410. Major 16370.

On the upside :- Strength will resume if manage to cross & stay above 16700 mark. But upsides shall be limited towards 16750 where 200 days EMA is present. Further confirmation only above that.

Intraday basis positive above 16636 then Resistances 16666 - 16699 & major 16750.

Option data indicates that the Nifty could see a trading range of 16200 to 17000 levels for coming sessions.

India VIX, was up by 2.48 percent to 20.48 levels.

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Source : Eureka

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