arvinddholakia35463

arvinddholakia35463

On a daily basis Nifty has closed above previous day high. Also there are some shorts in the system, so short covering is expected on the expiry day on 2/3/23. nifty will soon cross 200 days EMA which id placed at 585 as on today at the close. this 200 DEMA will breach either on 2/3/23 or on 3/3/23.

arvinddholakia35463

Tomorrow on Wednesday 17th November 21, it is crucial how Nifty performs. On an hourly chart if Nifty moves lower, it has support at 17946. If this support breaks then Nifty will take support at 17842.

arvinddholakia35463

While Nifty has crossed above the resistance line, however on Tuesday 5th October, Nifty will trade lower in the opening market and will retest the resistance line. If it holds above the resistance line, it will reach 17900 during the current expiry.

arvinddholakia35463

If RELIANCE closes above 1948, it will reach it's next target 1980.