Nifty daily analysis for 24/08/22.
Nifty has tested its 20 DMA and gained momentum after testing the level.
Market has on the daily close basis has gained 90 point after a gap down of 130 points.
There is a V-shape recovery on hourly time frame and a Head & Shoulder pattern breakout is there on 15 minute time frame analysis.
The market has closed between 20 and 200 ema on 15 minute and gained 50 points in the last 15 minute candle.
Support :- 17590, 17480, 17380
Resistance:- 17635, 17710, 17830
Wait for the price action near the levels before entering the markets.
Market has on the daily close basis has gained 90 point after a gap down of 130 points.
There is a V-shape recovery on hourly time frame and a Head & Shoulder pattern breakout is there on 15 minute time frame analysis.
The market has closed between 20 and 200 ema on 15 minute and gained 50 points in the last 15 minute candle.
Support :- 17590, 17480, 17380
Resistance:- 17635, 17710, 17830
Wait for the price action near the levels before entering the markets.
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