Bank Nifty & Nifty Today Fresh Perspective

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Nifty Spot View: 01/06/2022

Cmp: 16584.55
Support & Downside Range: 16500—16400--16290
Resistance & Upside Range: 16700—16785--16950

Short Term Trend Reversal Level:--
Trading View: Intrady bias remains sideways to bullish till nifty is trading above 16500 spot levels the moment nifty slip and sustain below 16500 for 15-30 mins we may see dip towards 16400 to 16290 levels whereas fresh new up move comes once we cross 16700 levels, options writers prospective 16700 call writers have strong position whereas 16500 put writers have a strong position so break of either side will see next move till then today we may remain in range of 16500—16700.

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