Indeks Nifty 50

Nifty daily analysis for 08/11/23.

91
Nifty has been forming gaps as there are gap up for last 2-3 trading sessions and is trading above both the daily moving averages.

On the hourly charts, the market seems to be consolidating in a range for last 2 days.

A break out can give a nice rally and nifty has more chances than the expiry index tomorrow.

Support :- 19330, 19270
Resistance ;- 19430, 19510

Wait for the market to give a break out or break down and watch for the price action near the level before entering the market.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.