Nifty view for 17/08/22.
Nifty has been creating gaps and is running higher and higher.
The markets are opening gap up and consolidating. There is no intraday trades in the market for a while.
Option selling seems to suit in this kind of a market as option buying can cause a serious damage to the funds.
The market has given a close above 17800 and on the hourly analysis, market tried but couldn't cross its today high.
A retracement is must to continue the up move.
A serious support of 20 ema is there on 15 minute chart. Once it breaks the level, nifty can retest and get prepare for another upmove
support :- 17770, 17700, 17630
Resistance :- 17833, 18000
Wait for the price action before trading the markets.
The markets are opening gap up and consolidating. There is no intraday trades in the market for a while.
Option selling seems to suit in this kind of a market as option buying can cause a serious damage to the funds.
The market has given a close above 17800 and on the hourly analysis, market tried but couldn't cross its today high.
A retracement is must to continue the up move.
A serious support of 20 ema is there on 15 minute chart. Once it breaks the level, nifty can retest and get prepare for another upmove
support :- 17770, 17700, 17630
Resistance :- 17833, 18000
Wait for the price action before trading the markets.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.