Nifty view for 05/07/22


Nifty seems bullish but couldn’t close above its 20 DMA. There is a resistance at 15850.

On 30 minute time frame, there is bullish moving averages cross over coming. If there is a km cross over and markets crosses 15880 level. Market can test 16k levels

On a smaller time frame the market closed above its 20 and 200 ema.

Support:- 15770, 15700
Resistance:- 15880, 16000

Wait for the price action near the levels before trading the markets.
BANKNIFTYMoving AveragesMultiple Time Frame AnalysisNIFTYniftyanalysisniftybankniftyoutlookniftypredictionniftytradesetupniftytrendniftyviewSupport and Resistance

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