As we discussed yesterday, Nifty took a pullback from 22000. It has shown a good bullish signal at this level.
If we look at the chart now:
The market is trading at 200 EMA (15 EMA) and 50 EMA (1 H - TF), which is going to provide resistance at this level. The market is trading in the accumulation phase. If it breaks this zone, then the next resistance is a higher trendline at 1D TF, which I shared yesterday.
Support levels: 21987, 21840
Resistance levels: 22400, 22615, 22775, 200 EMA
If we look at the chart now:
The market is trading at 200 EMA (15 EMA) and 50 EMA (1 H - TF), which is going to provide resistance at this level. The market is trading in the accumulation phase. If it breaks this zone, then the next resistance is a higher trendline at 1D TF, which I shared yesterday.
Support levels: 21987, 21840
Resistance levels: 22400, 22615, 22775, 200 EMA
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.