Nifty daily analysis for 01/12/22.

NSE:NIFTY   Nifty 50 Index
Nifty finally has given a nice break out of the ATH creating new ATH above 18800 levels.

A nice bullish candle is there on the daily time frame and has closed 140 points higher.

On the hourly time frame, market consolidated whole day on the higher level and gave a good momentum during the closing hour of the session.

Nifty, on 15 minute time frame has given a momentum after touching the 20 ema.

Support :- 18670, 18620, 18550

Nifty is at new ATH and there is no such resistance for the market.

The market can be traded on the bullish side once is crosses today's high.

Wait for the price action near the level before entering the market


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.