Nifty has closed just near the 18000 level and after the gap down tried to touch the level of 18100.
In the last hour nifty lost and around 90 points.
The market has taken a nice support from hourly 20 ema and closed just above the level.
On the 15 minute time frame, the market has closed between the 20 and 200 ema.
The market opened gap down due to the CPI inflation hike. Even dow closed around 3% lower.\
Support :-17965-990, 17923, 17832
Resistance :- 18020,18060, 18140
The markets are quite volatile and can remain in the same mood. Tomorrow is the weekly expiry, a trending market can be there in the second half of the trading session.
Wait for the price action near the levels before entering the markets.
In the last hour nifty lost and around 90 points.
The market has taken a nice support from hourly 20 ema and closed just above the level.
On the 15 minute time frame, the market has closed between the 20 and 200 ema.
The market opened gap down due to the CPI inflation hike. Even dow closed around 3% lower.\
Support :-17965-990, 17923, 17832
Resistance :- 18020,18060, 18140
The markets are quite volatile and can remain in the same mood. Tomorrow is the weekly expiry, a trending market can be there in the second half of the trading session.
Wait for the price action near the levels before entering the markets.
