Nifty has given a nice move and closed above 18800 level. A good dragon fly doji has been given on the daily time frame.
Market has been holding on the higher levels and trading above both the moving averages.
Today, market tested the previous day low and bounced from the levels.
On the hourly charts, the market has closed above both the moving averages.
Moving averages, on 15 minutes, converged in the first half and diverged in the second half.
Support :- 18770, 18670
Resistance :- 18890(ATH)
Market after flat opening gave a nice downside move and in the second half gave a good up move.
Wait for the price action near the levels before entering the market.
Market has been holding on the higher levels and trading above both the moving averages.
Today, market tested the previous day low and bounced from the levels.
On the hourly charts, the market has closed above both the moving averages.
Moving averages, on 15 minutes, converged in the first half and diverged in the second half.
Support :- 18770, 18670
Resistance :- 18890(ATH)
Market after flat opening gave a nice downside move and in the second half gave a good up move.
Wait for the price action near the levels before entering the market.
