Nifty Outlook for the remainder of the week 5th to 8th July 2022

Market is trying to affirm the positivity for the time being and trying to make positive moves but facing resistance in the range of 15800 to 15950 range. It is once again making an attempt to bring about positivity but it can last only if the critical resistances around the specified range is crossed. Otherwise once again it will go downwards searching for supports.

Supports for Nifty remain at: 15776, 15671 and 15506. Below 15506 the Nifty can fall to the levels of 15342 or even 15183 levels.

Resistances on the upper side remain at: 15865, 15923, 16023. Crossing and holding above 16023 the Nifty can jump to 16174 or 16200+ levels.