Nifty analysis for weekly expiry 22/06/23.
Again the market has given a both side move. After a gap up opening market has given a fall in the first half and regain in the second half.
On the daily time frame, the market has formed dragon fly doji. Previous data also shows the market has been giving gap ups while doing upward.
There are chance of market following the previous data. On the hourly charts, market couldn't clear the 18865 levels and closed near the resistance zone.
A cup and handle pattern formation is there, on hourly charts, and its break out can give nice market.
On 15 minutes, 20 EMA is respected and market has given bounce after testing it.
Support :- 18800, 18740
Resistance :- 18890
Wait for the price action near the levels before entering the market.
On the daily time frame, the market has formed dragon fly doji. Previous data also shows the market has been giving gap ups while doing upward.
There are chance of market following the previous data. On the hourly charts, market couldn't clear the 18865 levels and closed near the resistance zone.
A cup and handle pattern formation is there, on hourly charts, and its break out can give nice market.
On 15 minutes, 20 EMA is respected and market has given bounce after testing it.
Support :- 18800, 18740
Resistance :- 18890
Wait for the price action near the levels before entering the market.
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