Nifty daily analysis for 13/07/23 (weekly expiry).
Nifty is unable to cross above the high and has given a nice selling candle in the last hour.
The market today was in a sideways mood and consolidated in 40 points range during the middle hours and cracked down closing below the support level of 19400.
On the hourly charts, market traded around the 20 ema and closed below it.
Either side market is not giving any trend and option traders during the first and the last hour might have gained some points, else they might have given the stop losses.
On 15 minutes time frame, the market has closed between both the moving averages. And has given a down trend formation.
Support :- 19300, 19250
Resistance :- 19400, 19500
Tomorrow is weekly expiry and market has given trend moves both side in this week. Watch for the move and huge points can be capture if there is a fall.
Wait for the price action near the levels before entering the market.
The market today was in a sideways mood and consolidated in 40 points range during the middle hours and cracked down closing below the support level of 19400.
On the hourly charts, market traded around the 20 ema and closed below it.
Either side market is not giving any trend and option traders during the first and the last hour might have gained some points, else they might have given the stop losses.
On 15 minutes time frame, the market has closed between both the moving averages. And has given a down trend formation.
Support :- 19300, 19250
Resistance :- 19400, 19500
Tomorrow is weekly expiry and market has given trend moves both side in this week. Watch for the move and huge points can be capture if there is a fall.
Wait for the price action near the levels before entering the market.
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