Nifty daily analysis for 29/12/22.
Nifty has been constantly taking resistance from the golden ratio, forming a gravestone doji on the daily basis.
The market today remain in a 100 point range and closed flat.
Tomorrow, let the market show some clear trend and watch for the option premium as it is last expiry of 2022.
On the hourly time frame, the market has traded near the 20 ema and closed between both the moving averages.
The market, on 15 minute time frame, has closed below the moving averages and has given a fakeout of 18150 level.
Support :- 18080, 17980
Resistance :- 18080, 18300
Wait for the price action near the levels before entering the markets.
The market today remain in a 100 point range and closed flat.
Tomorrow, let the market show some clear trend and watch for the option premium as it is last expiry of 2022.
On the hourly time frame, the market has traded near the 20 ema and closed between both the moving averages.
The market, on 15 minute time frame, has closed below the moving averages and has given a fakeout of 18150 level.
Support :- 18080, 17980
Resistance :- 18080, 18300
Wait for the price action near the levels before entering the markets.
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