Nifty daily analysis for 11/07/23.
Nifty today consolidated and remained in a 100 points range. The market tested the lower levels of 19330 and recovered from the levels.
Market on the daily time frame, has formed an inside candle and has closed below the 20 ema on the hourly charts.
It is holding and recovering from the lower levels which signal a positive move in the coming days.
On 15 minute charts, market constantly traded around the 20 ema and ruined the option buyers.
Support :- 19330, 19240
Resistance :- 19430, 19500
Wait for the price action near the levels before entering the market.
Market on the daily time frame, has formed an inside candle and has closed below the 20 ema on the hourly charts.
It is holding and recovering from the lower levels which signal a positive move in the coming days.
On 15 minute charts, market constantly traded around the 20 ema and ruined the option buyers.
Support :- 19330, 19240
Resistance :- 19430, 19500
Wait for the price action near the levels before entering the market.
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