Nifty view for 02/05/22.
Nifty has been trading in a range and has formed an inside candle on weekly time frame and has closed below the 20 ema.
On a daily time frame, market has formed a bear engulfing pattern and seems bearish.
The markets on the last trading day had dropped around 1% in a single 15 minute time frame.
The market on multiple time frame has closed below the 20 ema.
Support :- 17090, 17000, 17950
Resistance :- 17150, 17210, 17320
The market has been volatile and can remain the same for the coming week.
Wait and watch for the price action near the levels.
On a daily time frame, market has formed a bear engulfing pattern and seems bearish.
The markets on the last trading day had dropped around 1% in a single 15 minute time frame.
The market on multiple time frame has closed below the 20 ema.
Support :- 17090, 17000, 17950
Resistance :- 17150, 17210, 17320
The market has been volatile and can remain the same for the coming week.
Wait and watch for the price action near the levels.
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.