Nifty view for 02/07/22
The markets are jittery and trend is still not defined.
Nifty filled the gap created by the gap down and remained in a bullish trend for the day.
Nifty has formed an inverted hammer candle on daily analysis.
On a smaller time frame the market closed above its 20 and 200 ema.
Support:- 15690, 15625
Resistance:- 15850, 15780, 15920
Wait for the price action near the levels before trading the markets.
Nifty filled the gap created by the gap down and remained in a bullish trend for the day.
Nifty has formed an inverted hammer candle on daily analysis.
On a smaller time frame the market closed above its 20 and 200 ema.
Support:- 15690, 15625
Resistance:- 15850, 15780, 15920
Wait for the price action near the levels before trading the markets.
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