Nifty daily analysis for 15/11/22.
Nifty on the daily time frame has given a doji candle near the high.
The market has consolidated whole day and took support near 18300 level.
Nifty has tested the support of 18300 multiple times and if the price start trading below the levels, good movement can be seen.
On 15 minute time frame, the market traded around 20 ema and closed below it.
Support :- 18315, 18280, 18210
Resistance :- 18360, 18500, 18600
The markets remained volatile and consolidated whole day in a narrow range.
Wait for the price action near the levels before entering the markets.
The market has consolidated whole day and took support near 18300 level.
Nifty has tested the support of 18300 multiple times and if the price start trading below the levels, good movement can be seen.
On 15 minute time frame, the market traded around 20 ema and closed below it.
Support :- 18315, 18280, 18210
Resistance :- 18360, 18500, 18600
The markets remained volatile and consolidated whole day in a narrow range.
Wait for the price action near the levels before entering the markets.
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