Nifty daily analysis for 28/10/22.
Nifty on the daily time frame has given a dragon fly doji and has formed an inside candle.
The market remained volatile and during the second half of the trading session the market has gained some points.
On the hourly time frame, the market tested the 20 ema and there was a nice up move.
Nifty remained in a downtrend whole day and during the last hour market has gained some moment.
Support :- 17710, 17660, 17630
Resistance :- 17800, 17915, 18000
Let the markets cross the recent high and cross previous day high.
Wait for the price action near the level before entering the markets.
The market remained volatile and during the second half of the trading session the market has gained some points.
On the hourly time frame, the market tested the 20 ema and there was a nice up move.
Nifty remained in a downtrend whole day and during the last hour market has gained some moment.
Support :- 17710, 17660, 17630
Resistance :- 17800, 17915, 18000
Let the markets cross the recent high and cross previous day high.
Wait for the price action near the level before entering the markets.
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