Nifty daily analysis for 07/03/23.
Nifty has formed an gravestone doji taking resistance from 17800 levels. The market gave a gap up opening and tried to hold the levels but during the second half of the market, there was a selling after taking rejection from the levels.
On the hourly time frame, the market has closed near the 200 ema but has closed 117 points higher.
The market has created a huge gap and can to fill it in coming session.
Nifty remained strong filling the lag of few days with the other indices.
The market took bullish move but slowly lost the gains, consolidating and closing below the 20 ema on 15 minutes time frame.
Support :- 17670, 17610
Resistance ;- 17800, 17900
wait for the price action near the price levels before entering the markets.
On the hourly time frame, the market has closed near the 200 ema but has closed 117 points higher.
The market has created a huge gap and can to fill it in coming session.
Nifty remained strong filling the lag of few days with the other indices.
The market took bullish move but slowly lost the gains, consolidating and closing below the 20 ema on 15 minutes time frame.
Support :- 17670, 17610
Resistance ;- 17800, 17900
wait for the price action near the price levels before entering the markets.
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