After 2 days of consolidation the nifty has given a break away gap above 18000.
The market has gained 130 points forming a doji candle on daily time frame and sustained above the levels.
Nifty has consolidated in a parallel channel whole day.
The market on the 15 minute time frame has respected its 20 ema and has closed above it.
Support :- 18060, 18030, 17990
Resistance :- 18090, 18140, 18250
The market are not giving any movement for the intraday trader. Its wise to remain calm until market given a clear indication of a nice movement.
Wait for the price action near the levels before entering the markets.
The market has gained 130 points forming a doji candle on daily time frame and sustained above the levels.
Nifty has consolidated in a parallel channel whole day.
The market on the 15 minute time frame has respected its 20 ema and has closed above it.
Support :- 18060, 18030, 17990
Resistance :- 18090, 18140, 18250
The market are not giving any movement for the intraday trader. Its wise to remain calm until market given a clear indication of a nice movement.
Wait for the price action near the levels before entering the markets.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.