Mambotrade

Nifty daily analysis for 06/01/23.

NSE:NIFTY   Nifty 50指数
Nifty has closed near the crucial level of 18k and has tested 17900 level today.

Market remained in a bearish mode and formed a beautiful lower high lower low pattern.

On the hourly time frame, the market couldn't cross the 20 ema and traded below the moving averages.

The market has respected the 20 ema, 15 minute charts, and took rejection from it. In the closing hour of the session market regained some points and closed between both the moving averages.

Support :- 17950, 17900
Resistance :- 18030, 18125-30

The market can test lower levels as the global markets are showing some weakness.

Wait for the price action near the level before entering the markets.

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。