Nifty daily analysis for 30/12/22.
The final expiry on this year has given a New year gift to all the trading communities.
Nifty has formed a bullish engulfing candle and closed near to 18200 level.
It is still trading between both the moving averages and after a sell has recovered very quickly.
On the hourly time frame, the market has given a 110 points move in the last trading hour and closed between 20 and 200 ema.
The market consolidated near the 20 ema, 15 minute chart, and after crossing the hurdle it even cross the other moving average.
Support :- 18175, 18060, 18000
Resistance :- 18300, 18430
The markets opened down but regained in the second half of the session. The market can take a halt or remain volatile.
Wait for the price action near the price levels before entering the markets.
Nifty has formed a bullish engulfing candle and closed near to 18200 level.
It is still trading between both the moving averages and after a sell has recovered very quickly.
On the hourly time frame, the market has given a 110 points move in the last trading hour and closed between 20 and 200 ema.
The market consolidated near the 20 ema, 15 minute chart, and after crossing the hurdle it even cross the other moving average.
Support :- 18175, 18060, 18000
Resistance :- 18300, 18430
The markets opened down but regained in the second half of the session. The market can take a halt or remain volatile.
Wait for the price action near the price levels before entering the markets.
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