Nifty view 18/08/22
Nifty has been in the uptrend and remain in green today also. It is near the crucial level of 18k.
Global markets are also helping the indian markets.
On the hourly time frame, nifty has consolidated in the second half and remained in the box.
A flag and pole pattern is there.
The market has been taking support from 20 ema on 15 minute chart frame.
Intraday opporunities are less as the markets gap up and consolidate whole day.
Support :- 17920, 17830
Resistance :- 17950, 18000, 18100
Wait for the price action near the levels before entering the markets.
Global markets are also helping the indian markets.
On the hourly time frame, nifty has consolidated in the second half and remained in the box.
A flag and pole pattern is there.
The market has been taking support from 20 ema on 15 minute chart frame.
Intraday opporunities are less as the markets gap up and consolidate whole day.
Support :- 17920, 17830
Resistance :- 17950, 18000, 18100
Wait for the price action near the levels before entering the markets.
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