The index moves up, the key resistance levels towatchoutforare 15,945 and 16,191 - Tradebull Securities
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Nifty
Indian stock indices market is expected to open higher as trends in the SGX Nifty indicate a positive opening for the broader index in India with a significant gap up opening.Reserve Bank of India's (RBI) worst fears have been realised after data showed headline retail inflation surged to 7.79 percent in April- the highest since May 2014. Nifty50 continued the decline and formed bearish candle which resembles Hammer kind of pattern on the daily charts. Important pivot charts, the key support level for the Nifty is placed at 15,670, followed by 15,514. If the index moves up, the key resistance levels towatchoutforare 15,945 and 16,191.
Nifty Chart
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