Nifty daily analysis for 21/09/22.
Nifty on the daily time frame has formed a spinning top doji.
The market has respected our levels and after touching 17920 level the market retraced
On the hourly time frame, the market has settle around its 20 ema. Market is not sustaining above the 17900 levels.
The market opened around the 200 ema on 15 minute time frame and gained momentum in the first half.
On the smaller time frame has given a bullish moving cross over but in the second half the market lost its gain and closed around its 20 ema.
Support :- 17770, 17710
Resistance :- 17830, 17870, 17920
Wait for the price action near the levels before entering the markets.
The market has respected our levels and after touching 17920 level the market retraced
On the hourly time frame, the market has settle around its 20 ema. Market is not sustaining above the 17900 levels.
The market opened around the 200 ema on 15 minute time frame and gained momentum in the first half.
On the smaller time frame has given a bullish moving cross over but in the second half the market lost its gain and closed around its 20 ema.
Support :- 17770, 17710
Resistance :- 17830, 17870, 17920
Wait for the price action near the levels before entering the markets.
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