Nifty daily analysis for 19/12/22.
Nifty on the weekly time frame has given a gravestone doji losing 220 points.
The markets, on the daily time frame has closed below 20 ema and has tested the ultimate level of 18250.
On the hourly time frame, market has closed below both the moving averages and there is possibility of a bearish moving averages crossover.
The market has given a nice retest.
Nifty has faced a serious resistance from 15 minutes 20 ema and has closed near 18250 levels.
Support :- 18250, 18140
Resistance :- 18400, 18515
The market can test lower levels before another up move as it has closed below the golden fib level.
Wait for the price action near the level before entering the markets.
The markets, on the daily time frame has closed below 20 ema and has tested the ultimate level of 18250.
On the hourly time frame, market has closed below both the moving averages and there is possibility of a bearish moving averages crossover.
The market has given a nice retest.
Nifty has faced a serious resistance from 15 minutes 20 ema and has closed near 18250 levels.
Support :- 18250, 18140
Resistance :- 18400, 18515
The market can test lower levels before another up move as it has closed below the golden fib level.
Wait for the price action near the level before entering the markets.
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