Nifty daily analysis for 04/11/22.
Nifty on the daily time frame has closed flat. Though there was a huge gap down opening.
A nice up move was there initially but markets consolidated in the remaining session.
Market, on 15 minute chart analysis, took resistance from 20 ema and closed near to the level.
Support :- 18000, 17950, 17900
Resistance :- 18050, 18090, 18160-70
Nifty is near the recent high and have supports below.
The market is respecting the levels.
Wait for the price action near the levels before entering the markets.
A nice up move was there initially but markets consolidated in the remaining session.
Market, on 15 minute chart analysis, took resistance from 20 ema and closed near to the level.
Support :- 18000, 17950, 17900
Resistance :- 18050, 18090, 18160-70
Nifty is near the recent high and have supports below.
The market is respecting the levels.
Wait for the price action near the levels before entering the markets.
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