Nifty today traded in same area as we expected yesterday. Tomorrow if gap downs and hits 16340 price level we can expect retracement till 16400 as it is a major resistance area.
If gap ups or price breaks channel and moves beyond 16570 price level immediate target would be 16680. Being wednesday i dont expect big movement of price either side tomorrow.
If gap ups or price breaks channel and moves beyond 16570 price level immediate target would be 16680. Being wednesday i dont expect big movement of price either side tomorrow.