Nifty daily analysis for 10/01/23.
After a 3 day consecutive red candles, Market has given a green candle gaining more than 240 points and closing near 18100 level.
The market took a rejection from the resistance of 18130 and if the market again crosses above the level. The market can hit the target of 18250.
On the hourly time frame, the market tested the 18130 level in the first half and came for selling taking support around 18030 levels. The market closed between both the moving averages.
On 15 minute time frame, the moving averages are close enough. If the markets come for buying tomorrow, bullish moving average cross over can be seen.
Support :- 18030, 17900
Resistance :- 18130, 18240
The market has given a doji candle and can move either side.
Wait for the price action near the price levels before entering the markets.
The market took a rejection from the resistance of 18130 and if the market again crosses above the level. The market can hit the target of 18250.
On the hourly time frame, the market tested the 18130 level in the first half and came for selling taking support around 18030 levels. The market closed between both the moving averages.
On 15 minute time frame, the moving averages are close enough. If the markets come for buying tomorrow, bullish moving average cross over can be seen.
Support :- 18030, 17900
Resistance :- 18130, 18240
The market has given a doji candle and can move either side.
Wait for the price action near the price levels before entering the markets.
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