Nifty daily analysis for 24/01/23.
Nifty is still in the confusion as it has formed a doji candle today. The market took support around 20 ema and after touching the level market got up.
On hourly chart, market tried to cross over the level of 18130 but couldn't sustain above it. The market took support from both the moving averages.
SgxNifty is trading almost flat. Watch for it in the morning as nifty follow it.
The indicators are showing uncertainity of the trend. Let market cross over 18170 levels to enter any bullish trade.
On 15 minute chart, the market has closed near 20 ema.
Support :- 18080, 18025
Resistance :- 18140-80, 18240
Wait for the price action near the levels before entering the market.
On hourly chart, market tried to cross over the level of 18130 but couldn't sustain above it. The market took support from both the moving averages.
SgxNifty is trading almost flat. Watch for it in the morning as nifty follow it.
The indicators are showing uncertainity of the trend. Let market cross over 18170 levels to enter any bullish trade.
On 15 minute chart, the market has closed near 20 ema.
Support :- 18080, 18025
Resistance :- 18140-80, 18240
Wait for the price action near the levels before entering the market.
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