Nifty daily analysis for 14/06/23
Market has given a flag and pole pattern on the hourly charts and closed above 18700. On the daily charts, the market has formed a bullish candle.
Major resistance level 18770-800 is still there and bullish trades can only be entered only after the level break out and sustain above the levels.
In the first hour market give a nice bullish candle and consolidated after it.
Support :- 18640, 18550
Resistance :- 18770, 18890 (ATH)
The market are still in confusion and there is a possibility of a quick retest and after that market can hit a new ATH.
Wait for the price action near the price levels before entering the markets.
Major resistance level 18770-800 is still there and bullish trades can only be entered only after the level break out and sustain above the levels.
In the first hour market give a nice bullish candle and consolidated after it.
Support :- 18640, 18550
Resistance :- 18770, 18890 (ATH)
The market are still in confusion and there is a possibility of a quick retest and after that market can hit a new ATH.
Wait for the price action near the price levels before entering the markets.
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