Nifty daily analysis for 20/06/23.
Market on the daily time frame has given a red candle and started trading below the 20 ema on the hourly charts.
There was a nice fall after the gap up opening and consolidated in the second half. Nifty closed above 18750 level after testing the levels of 18700.
On 15 minutes chart, market is trading between both the moving averages.
Market has closed below the support zone of 18770 levels.
The markets are creating confusion near the higher levels.
Support :- 18680, 18570
Resistance :- 18770, 18890
Market will be trending only when the trend is decided. The market in the second half has given losses to the option buyers due to time decay.
Wait for the price action near the price levels before entering the market.
There was a nice fall after the gap up opening and consolidated in the second half. Nifty closed above 18750 level after testing the levels of 18700.
On 15 minutes chart, market is trading between both the moving averages.
Market has closed below the support zone of 18770 levels.
The markets are creating confusion near the higher levels.
Support :- 18680, 18570
Resistance :- 18770, 18890
Market will be trending only when the trend is decided. The market in the second half has given losses to the option buyers due to time decay.
Wait for the price action near the price levels before entering the market.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.