Nifty daily analysis for 01/09/22.
Nifty has formed a nice bullish candle on the daily close, soaking away the gap down of monday.
A gain of 440 points in a single day was unpredicted.
Nifty remained in a bullish momentum whole day and crossed 20 DMA and closed above it.
On 15 minute chart analysis, the market has given a bullish moving average cross over and closed above the level of 17700.
Support :- 17710, 17600
Resistance :- 17830, 17960-18000
The markets can remain in a bullish mode as the markets closed on a bullish note
Wait for the price action near the levels before entering the markets
A gain of 440 points in a single day was unpredicted.
Nifty remained in a bullish momentum whole day and crossed 20 DMA and closed above it.
On 15 minute chart analysis, the market has given a bullish moving average cross over and closed above the level of 17700.
Support :- 17710, 17600
Resistance :- 17830, 17960-18000
The markets can remain in a bullish mode as the markets closed on a bullish note
Wait for the price action near the levels before entering the markets
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