Nifty weekly analysis for 12/09/22.

Nifty on the weekly time frame has given a nice moment and is taking a resistance near 18000 level.

After a gap up opening it settle almost flat on the daily time frame.

On hourly time frame, the market has given a downside movement and closed near the 800 levels.

The market in the second half traded near the 20 ema on 15 minute and closed just below the level.

Support :- 17830, 17780, 17710
Resistance :- 17865, 17930, 18000

The markets can be on the weekly time frame has given a nice up move.

Wait for the price action near the levels before entering the markets.