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Mambotrade
Aug 24, 2022 1:01 PM

Nifty daily analysis for 25/08/22. 

Nifty 50 IndexNSE

Description

Nifty has given a inside candle on daily closing.

Nifty closed almost flat and the market consolidated whole day.

The market gained in the last trading hour of trading session and closed above hourly 20 ema.

On 15 minute chart analysis, market has respected the trading zone and remained between 20 and 200 ema.

Support :- 17480-500, 17375
Resistance :- 17710, 17830

Wait for the price action near the levels before entering the market.
Comments
AnitabenavailablePie55457
Oops, pointing at late time but still keeping my fingers crossed and trusting line with it.
Mambotrade
For intraday choose 15 minute and 1 hour time frame
muthustar
for price action level which time frame candle i choose
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