Nifty daily analysis for 24/11/22.
The market has formed a negative candle on the daily time frame.
After a gap up opening, the market came for selling and has taken support from 20 ema during the closing hour of the trading session.
The market is not for intraday trading as the market keeps on consolidating and giving move during the last hour.
On 15 minute time frame, the candle crossed the 20 ema and is taking support from 200 ema.
Support :- 18250, 18200, 18120
Resistance :- 18325, 18385, 18440
Nifty has filled the gap formed by the gap up and has closed near the day low.
Wait for the price action near the level before entering the markets.
After a gap up opening, the market came for selling and has taken support from 20 ema during the closing hour of the trading session.
The market is not for intraday trading as the market keeps on consolidating and giving move during the last hour.
On 15 minute time frame, the candle crossed the 20 ema and is taking support from 200 ema.
Support :- 18250, 18200, 18120
Resistance :- 18325, 18385, 18440
Nifty has filled the gap formed by the gap up and has closed near the day low.
Wait for the price action near the level before entering the markets.
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