Nifty daily analysis for 23/08/22.
Nifty as predicted remained for selling and fell around 250 points, taking away the gain of 5 days in just 2 days.
Market has given another bearish candle.
The market fell below 17500 in the last hour of the trading session and closed between 20 and 200 ema.
On 15 minute chart analysis, the market has formed a bearish moving average crossover and travelled below 200 ema.
The market can touch its 20 DMA.
Support :- 17485, 17370, 17220
Resistance :- 17540, 17630, 17710
Wait for the price action near the levels before entering the markets
Market has given another bearish candle.
The market fell below 17500 in the last hour of the trading session and closed between 20 and 200 ema.
On 15 minute chart analysis, the market has formed a bearish moving average crossover and travelled below 200 ema.
The market can touch its 20 DMA.
Support :- 17485, 17370, 17220
Resistance :- 17540, 17630, 17710
Wait for the price action near the levels before entering the markets
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