Nifty daily analysis for 21/11/22.
Nifty on the weekly time frame has given a doji and closed flat losing 42 points.
Index is facing rejection from 18440 level, once the levels are broken on the upper side nifty can form new ATH.
In the last trading session, there was a selling in the market but during the closing hour of the session the market regained and closed almost flat.
Nifty has closed below the 20 ema, on the hourly time frame.
On 15 minute time frame, the moving averages have converged and are close together. Though, the market has closed above the moving averages.
Support :- 18270, 18210
Resistance :- 18355, 18440
The support and resistance's are close and a trending market is pending.
The global markets have closed on a positive note.
Wait for the price action near the price levels before entering the markets.
Index is facing rejection from 18440 level, once the levels are broken on the upper side nifty can form new ATH.
In the last trading session, there was a selling in the market but during the closing hour of the session the market regained and closed almost flat.
Nifty has closed below the 20 ema, on the hourly time frame.
On 15 minute time frame, the moving averages have converged and are close together. Though, the market has closed above the moving averages.
Support :- 18270, 18210
Resistance :- 18355, 18440
The support and resistance's are close and a trending market is pending.
The global markets have closed on a positive note.
Wait for the price action near the price levels before entering the markets.
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