On the upside, some resistance can be seen at 16,800 levels while the near-term support is placed at 16,500, and then towards 16,400 levels, suggest experts. “Traders should look for stock-specific opportunities for the next couple of sessions and be vigilant on the market movement post the event,” Ruchit Jain, Lead Research, 5paisa.com, said.
Tech View: Nifty indicators give positive signals, likely to face resistance at 24,694. How to trade tomorrow
Nifty formed a bullish candle today, closing at a 5-session high after establishing a triple bottom in the 24,073-24,140 range. Indicators signal a bullish short-term