Finnifty has been consolidating in a range for few days. It has formed a doji candle on the daily time and closed below the 20 ema.
Indian markets have been consolidating in a range for few days. Break out or break down can give good targets.
On the hourly charts, the market has given a bearish moving averages cross over. It took resistance from the 20 ema and closed below both the moving averages.
The market can be a trending one this week as there is good consolidation going on in the market.
Watch for the break out or break down in the market and trade with a Stop loss.
On 15 minute time frame, the market has closed around both the moving averages. There is a positive sentiment on the smaller time frame. If the market starts trading above 19850, it can test 19950-20000 levels.
Support :- 19740, 19680
Resistance :- 19860, 19960
In the second half the market has consolidated. Watch for a break out as tomorrow is a weekly expiry and market has given good consolidation.
Wait for the price action near the levels before entering the market.
Indian markets have been consolidating in a range for few days. Break out or break down can give good targets.
On the hourly charts, the market has given a bearish moving averages cross over. It took resistance from the 20 ema and closed below both the moving averages.
The market can be a trending one this week as there is good consolidation going on in the market.
Watch for the break out or break down in the market and trade with a Stop loss.
On 15 minute time frame, the market has closed around both the moving averages. There is a positive sentiment on the smaller time frame. If the market starts trading above 19850, it can test 19950-20000 levels.
Support :- 19740, 19680
Resistance :- 19860, 19960
In the second half the market has consolidated. Watch for a break out as tomorrow is a weekly expiry and market has given good consolidation.
Wait for the price action near the levels before entering the market.
