Nifty daily analysis for 22/11/22
Nifty on the daily time frame has formed a negative candle and consolidated whole after the initial hour selling.
Market has closed in the 50-61.8% fib level range. If the market starts a up move, it can test its ATH.
The market, on the hourly time frame, has closed between both the moving averages
There is a box consolidation and market has closed near the 20 EMA on 15 minute time frame. The market on the smaller time frame has given a bearish moving averages crossover.
Support:- 18120, 18070, 17975
Resistance:- 18210, 18270
Wait for the price action near the levels before trading the markets.
Market has closed in the 50-61.8% fib level range. If the market starts a up move, it can test its ATH.
The market, on the hourly time frame, has closed between both the moving averages
There is a box consolidation and market has closed near the 20 EMA on 15 minute time frame. The market on the smaller time frame has given a bearish moving averages crossover.
Support:- 18120, 18070, 17975
Resistance:- 18210, 18270
Wait for the price action near the levels before trading the markets.
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