Nifty daily analysis for 23/11/22.
Nifty on the daily time frame has formed an inside candle and a tweezer bottom type of pattern.
The market has consolidated whole day and in the closing hour market gained some points closing around 18250 level.
On the hourly time frame, the market has crossed the 20 ema and closed above it.
Nifty, on 15 minute time frame, has closed above both the moving averages and consolidated whole day in 20 points range.
Support :- 18200, 18120, 18070
Resistance :- 18260. 18325
The market are not giving much opporunity to the intraday traders. Watch for a trend market to capture the move.
Wait for the price action near the levels before entering the markets.
The market has consolidated whole day and in the closing hour market gained some points closing around 18250 level.
On the hourly time frame, the market has crossed the 20 ema and closed above it.
Nifty, on 15 minute time frame, has closed above both the moving averages and consolidated whole day in 20 points range.
Support :- 18200, 18120, 18070
Resistance :- 18260. 18325
The market are not giving much opporunity to the intraday traders. Watch for a trend market to capture the move.
Wait for the price action near the levels before entering the markets.
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