As said yesterday it's a gap down , but still nifty hold 22350 level & again reversed to 22500 .. 22270 to 22350 act as demand zone..
Mulitimeframe analysis :-
*** In monthly, Weekly chart.. Indecisive candlesticks seen & beraish diversion.. Trend is positive➕➕ on daily chart it's inverted hammer candlestick. Price resist 22500 levels & pull back.. It seems any fresh breakouts of 22500 level can gained upside momentum..
In 30 min price exactly took support of 50 ma & reverse.. It was a strong pull back towards 22500 .. 22460 & 22359 has been a consolidation range... Any break out / down gives good movement..
Also have posted on chart price going upward with a support of trendline.. See all the levels.. Exactly followed.
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