Nifty daily analysis for 17/11/22.
Nifty has given a neutral doji on the daily time frame.
The market has consolidated and tested its 20 ema on the hourly time frame.
On the higher levels nifty is taking a halt and can give either side moment.
The market gave a downside movement and regained some points in the last hour and closed near its 20 ema (15 minute time frame).
Watch for the RSI divergence and if the market goes for a retest, it will be quick.
Support :- 18360, 18320, 18280
Resistance :- 18435, 18500, 18600
The market on the higher levels are halting and if it wait for another day, next week it can give a good movement either side.
Wait for the price action near the price level before entering the trade.
The market has consolidated and tested its 20 ema on the hourly time frame.
On the higher levels nifty is taking a halt and can give either side moment.
The market gave a downside movement and regained some points in the last hour and closed near its 20 ema (15 minute time frame).
Watch for the RSI divergence and if the market goes for a retest, it will be quick.
Support :- 18360, 18320, 18280
Resistance :- 18435, 18500, 18600
The market on the higher levels are halting and if it wait for another day, next week it can give a good movement either side.
Wait for the price action near the price level before entering the trade.
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