Nifty view for 12/05/22.
India vix and the market movement showing same volatility.
Markets are moving in both direction.
On daily time frame, moving averages are converging and are close together.
Nifty has tested its crucial support of round number 16k.
Market has closed below its resistance level and in gap up and gap down it doesn't matter.
Support :- 16000,15900
Resistance :- 16230,16400
Wait for price action near the levels and don't take early entries.
Confirm your trades in this volatile markets
Markets are moving in both direction.
On daily time frame, moving averages are converging and are close together.
Nifty has tested its crucial support of round number 16k.
Market has closed below its resistance level and in gap up and gap down it doesn't matter.
Support :- 16000,15900
Resistance :- 16230,16400
Wait for price action near the levels and don't take early entries.
Confirm your trades in this volatile markets
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