Nifty daily analysis for 25/11/22.
Nifty on the daily time frame has given a nice closing around 18500 level.
The market has been facing resistance from 18440 levels and finally nifty has crossed the resistance level.
Nifty, on the hourly time frame, remained in a bullish mood and gained 100 points in the closing hour of the session.
Index slow and steady gained points and the closing near the 18500 levels indicates that index can reach its ATH and create the new high also.
Support :- 18440, 18390, 18325
Resistance :- 18500, 18600
Wait for the index to form a price action near the levels before entering the markets.
The market has been facing resistance from 18440 levels and finally nifty has crossed the resistance level.
Nifty, on the hourly time frame, remained in a bullish mood and gained 100 points in the closing hour of the session.
Index slow and steady gained points and the closing near the 18500 levels indicates that index can reach its ATH and create the new high also.
Support :- 18440, 18390, 18325
Resistance :- 18500, 18600
Wait for the index to form a price action near the levels before entering the markets.
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