Closing below 16416 on 25th Feb will activate Bear zone.

After mayhem unleashed by Geo-political events Nifty has broken it's 50 days EMA at 17384, 200 days EMA at 16719 and 50 Weeks EMA which is at 16416. Closing below 16416 today that is 25th February 2022 will activate the bear zone in full force. All this points 17384, 16719 and 16416 will work as major resistances now. Below current levels of 16247 Nifty has support around 15935 and 15510. As of Now it looks less likely that Nifty will fall below this zone as of now.