Nifty view for 03/08/22.
Nifty has given a doji on daily chart. The market consolidated whole and tried to gain some points but closed almost flat.
The market has stretched and gained around 1000 points in 5 trading sessions.
There is a bullish moving average cross over on daily time frame.
The market on 15 minute time frame traded whole day around its 20 ema and closed below it.
support :- 17220, 17100, 17000
Resistance :-17400-430, 17630
Wait for the price action before trading the markets.
The market has stretched and gained around 1000 points in 5 trading sessions.
There is a bullish moving average cross over on daily time frame.
The market on 15 minute time frame traded whole day around its 20 ema and closed below it.
support :- 17220, 17100, 17000
Resistance :-17400-430, 17630
Wait for the price action before trading the markets.
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