Description
⋅ Nifty on the weekly time frame, has formed a bullish hammer doji.
The index has remain in a up move for 3-4 weeks and can take a quick retest before forming new ATH.
Gap up and gap down due to global markets are reducing the intraday opporunities.
Nifty has given a nice up move even after a gap up of 200 points and closed 320 points above.
On 15 minute time frame, the market has consolidated in a rising wedge chart pattern. The break down can give a good downside move.
Support :- 18280, 18210, 18120
Resistance :- 18360, 18500, 18600
The markets are trading around its high. The indices have been following the global markets. Watch the global sentiments.
Wait for the price action near the levels before entering the markets.