Nifty daily analysis for 28/12/22.
Nifty has given a dragon fly doji on the daily time frame and has closed near 50% fibonnaci level.
The market has taken a support from 200 ema and gained a nice momentum.
Nifty has been lagging behind the other index. On the hourly time frame, the index has started trading above the 20 ema and closed between both the moving averages.
On 15 minute time frame, the market took support from the 20 ema and closed in between the EMA's.
Support :- 18080, 17980
Resistance :- 18080, 18300
The marekt has been closing in green in two consecutive days gaining 320 points.
Wait for the price action near the level before entering the markets.
The market has taken a support from 200 ema and gained a nice momentum.
Nifty has been lagging behind the other index. On the hourly time frame, the index has started trading above the 20 ema and closed between both the moving averages.
On 15 minute time frame, the market took support from the 20 ema and closed in between the EMA's.
Support :- 18080, 17980
Resistance :- 18080, 18300
The marekt has been closing in green in two consecutive days gaining 320 points.
Wait for the price action near the level before entering the markets.
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