28th June Nifty50 Index chart analysis.
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As you can see there isn't much room for nifty to go up. 15900 looks as strong resistance and it also forming like double top in 15 minute chart. Nifty may give breakout above 15900 but it will reverse back. Because there isn't much positive atmosphere in Global market neither in Indian domestic market. So tomorrow one can expect a fall from 15900 or from above 15900 range.
Another thing to notice is, Nifty is above 20 MA. As long Nifty stays above 20 MA either it will move up to 15900 or it will stay sideways. If Nifty falls it may take support from 15750 or 15700. Below 15700, next support is at 15673.
Another thing to notice is, Nifty is above 20 MA. As long Nifty stays above 20 MA either it will move up to 15900 or it will stay sideways. If Nifty falls it may take support from 15750 or 15700. Below 15700, next support is at 15673.
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