Nifty daily analysis for 07/09/22.
Nifty on the daily time frame has formed a doji candle.
Its taken resistance from its 17710 level and closed on almost flat.
The market has consolidated and took support from its 20 ema on the hourly time frame.
In the last trading hour the market fell and closed on the bearish note.
On the 15 minute analysis, the market has closed between 20 and 200 ema. It traded just near the 20 ema whole day and closed below it.
Support :- 17620, 17480
Resistance :- 17710, 17830
Wait for the price action near the levels before entering the markets.
Its taken resistance from its 17710 level and closed on almost flat.
The market has consolidated and took support from its 20 ema on the hourly time frame.
In the last trading hour the market fell and closed on the bearish note.
On the 15 minute analysis, the market has closed between 20 and 200 ema. It traded just near the 20 ema whole day and closed below it.
Support :- 17620, 17480
Resistance :- 17710, 17830
Wait for the price action near the levels before entering the markets.
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