Nifty has closed in green on daily time frame and has formed an inside candle too.
There is a bearish moving averages divergence and markets can remain in a narrow range.
The market faced a good resistance from its 20 ema on hourly time frame. And traded around its 20 ema on 15 minute chart.
Support:- 15830, 15745
Resistance :- 15895, 16080
Markets are still in a confusion and can remain in a narrow range.
Wait for the price action near the levels before entering the markets.
There is a bearish moving averages divergence and markets can remain in a narrow range.
The market faced a good resistance from its 20 ema on hourly time frame. And traded around its 20 ema on 15 minute chart.
Support:- 15830, 15745
Resistance :- 15895, 16080
Markets are still in a confusion and can remain in a narrow range.
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.