The key support levels for the Nifty in the short term are 15,430 and 15,145. On the upside, the key resistance level is 15,962," said Vidnyan Sawant of GEPL Capital.
Key support level to watch out for on Nifty, from a short-term perspective, is 15,600. If the index breaches below this level, we can expect further downside towards 15,450 and 15,100-15,145, said
On the weekly timeframe, the Nifty has been moving in a range of 15,430–15,915 for the last few weeks which indicates the momentum of the market has slowed down but there is still no sign of tren
Nifty seems to be feeling fatigued as it approaches the 16,000 mark and might witness a slight correction. The 15,670 levels in the coming sessions will act as a make-or-break level, said Karan Pai
Nifty has been forming an indecisive candle pattern for the last three weeks on weekly charts. This shows fatigue in market sentiment at higher levels which can cause some correction if the Nifty b