Nifty daily analysis for 03/01/23.
The market has taken a halt and an inside candle has been formed. The market opened gap up and after initial up move consolidated in 40 points range.
On the hourly chart, market took support from the 20 ema and closed near 18200 level.
The market consolidated maximum time and on 15 minute chart, took support near 200 ema level.
Support :- 18190, 18155, 18100
Resistance :- 18230, 18300
The market has closed near good level and if it crosses the previous day high, nice move can be captured.
Wait for the price action near the levels before entering the markets.
On the hourly chart, market took support from the 20 ema and closed near 18200 level.
The market consolidated maximum time and on 15 minute chart, took support near 200 ema level.
Support :- 18190, 18155, 18100
Resistance :- 18230, 18300
The market has closed near good level and if it crosses the previous day high, nice move can be captured.
Wait for the price action near the levels before entering the markets.
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