NIFTY Short term view

٢٣ فبراير ٢٠٢٣

Nifty on hourly timeframe is showing a bullish divergence with support placed at avwap level from June. Fresh shorts here are looking risky and even if it has to fall further to test the budget day low, I expect a bounce upto 20dema on daily time frame, which will act as strong resistance.


Trade cautiously. Happy trading