Nifty daily analysis for 055/09/23.
A gravestone doji after a gap up opening is creating confusion in the market.
Nifty after a gap up opening came for selling in the first hour and after that slowly went up and closed near the opening price.
On the hourly time frame, there is a bullish moving averages cross over and today the market took support around 19450 levels.
The market gave gap filling trade and after that continued to push higher very slowly.
On 15 minute chart, market retested the 20 ema and began an up move after testing it.
Support :- 19460, 19330
Resistance :- 19550, 19620
Wait for the price action near the levels before entering the market.
Nifty after a gap up opening came for selling in the first hour and after that slowly went up and closed near the opening price.
On the hourly time frame, there is a bullish moving averages cross over and today the market took support around 19450 levels.
The market gave gap filling trade and after that continued to push higher very slowly.
On 15 minute chart, market retested the 20 ema and began an up move after testing it.
Support :- 19460, 19330
Resistance :- 19550, 19620
Wait for the price action near the levels before entering the market.
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