Good morning 🙏
As per opening, market is looking to open in negative mode so
Today Registance will be 16590/(16700-16715)
And support will be (16515-16500)/16400/16200
Today the band of 16515 to 16500 will be the decisive level. if and only if anyhow this band break decisively then bears become powerful and may try to disturb the market momentum otherwise market will try maintain its momentum. so day trader must be on alert toward the band.
As Per Our rules of Levels, If any Level Break Decisively then that can changes its behaviour as reverse nature.
Disclaimer: Investment in securities market is subject to market risk, read all related documents carefully before investing. Angel or others Research may have provided recommendations or suggestions which carry a different view than the I expressed here. My view or suggestion is only on the basis of my experience and my current Technical knowledge only.
The user may apply his discretion before placing any order.