Nifty weekly analysis for 12/09/22.
Nifty on the weekly time frame has given a nice moment and is taking a resistance near 18000 level.
After a gap up opening it settle almost flat on the daily time frame.
On hourly time frame, the market has given a downside movement and closed near the 800 levels.
The market in the second half traded near the 20 ema on 15 minute and closed just below the level.
Support :- 17830, 17780, 17710
Resistance :- 17865, 17930, 18000
The markets can be on the weekly time frame has given a nice up move.
Wait for the price action near the levels before entering the markets.
After a gap up opening it settle almost flat on the daily time frame.
On hourly time frame, the market has given a downside movement and closed near the 800 levels.
The market in the second half traded near the 20 ema on 15 minute and closed just below the level.
Support :- 17830, 17780, 17710
Resistance :- 17865, 17930, 18000
The markets can be on the weekly time frame has given a nice up move.
Wait for the price action near the levels before entering the markets.
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