Nifty daily analysis for 06/07/23.
Nifty on the daily time frame has formed an inside candle and formed another doji. The market opened flat and closed near to the opening price.
The market has consolidated whole day and remained in a range of 100 points.
On the hourly charts, the market remained inside the first hour candle and during the closing hour gave a 50 points move.
Even on the smaller time frame, the market traded around the 20 ema and closed just above it.
Support :- 19330, 19260
Resistance :- 19410
The market is consolidating and has remaine in a range for 2 trading days.
Wait for the price action near the levels before entering the market.
The market has consolidated whole day and remained in a range of 100 points.
On the hourly charts, the market remained inside the first hour candle and during the closing hour gave a 50 points move.
Even on the smaller time frame, the market traded around the 20 ema and closed just above it.
Support :- 19330, 19260
Resistance :- 19410
The market is consolidating and has remaine in a range for 2 trading days.
Wait for the price action near the levels before entering the market.
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