Nifty daily analysis for 23/09/22.
Nifty on the daily time frame has closed below the 20 ema and formed a doji on daily time frame.
On the hourly time frame, the market has traded in between the moving averages and closed near the 200 ema.
The market on the daily fib levels has closed below 38.2%
A double top formation on the 15 minute was there and the market after a bearish moving average crossover has given nice targets.
Support :- 17590-600, 17485
Resistance :- 17710, 17780, 17830
Wait for the price action near the levels before entering the markets.
On the hourly time frame, the market has traded in between the moving averages and closed near the 200 ema.
The market on the daily fib levels has closed below 38.2%
A double top formation on the 15 minute was there and the market after a bearish moving average crossover has given nice targets.
Support :- 17590-600, 17485
Resistance :- 17710, 17780, 17830
Wait for the price action near the levels before entering the markets.
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