Indeks Nifty 50

Nifty daily analysis for 14/09/22.

154
After 2 days of consolidation the nifty has given a break away gap above 18000.

The market has gained 130 points forming a doji candle on daily time frame and sustained above the levels.

Nifty has consolidated in a parallel channel whole day.

The market on the 15 minute time frame has respected its 20 ema and has closed above it.

Support :- 18060, 18030, 17990
Resistance :- 18090, 18140, 18250

The market are not giving any movement for the intraday trader. Its wise to remain calm until market given a clear indication of a nice movement.

Wait for the price action near the levels before entering the markets.

Penafian

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