Nifty view for 18/04/22.
Nifty is on shorter time frame, looks bearish and is respecting the resistance levels.
On daily time frame, the market is taking support from its 20 ema but on hourly time frame the price is between 20 and 200 ema.
Support :- 17245,17330
Resistance :- 17500, 17600
Market has been opening gap up or gap down and consolidating the whole day.
The market can be trending if the markets break the resistance level and sustain above it.
Wait and watch the markets price action for proper entry.
On daily time frame, the market is taking support from its 20 ema but on hourly time frame the price is between 20 and 200 ema.
Support :- 17245,17330
Resistance :- 17500, 17600
Market has been opening gap up or gap down and consolidating the whole day.
The market can be trending if the markets break the resistance level and sustain above it.
Wait and watch the markets price action for proper entry.
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