Nifty daily analysis for 12/09/23.
A new ALL TIME HIGH for Nifty today.
The market were looking bullish from the very first minute and finally crossed the 20k level in the last hour of the trading session.
Nifty has travelled to 20 k levels from 19300 levels and now it can take a halt before crossing the level. It has formed a marubozu candle and has closed near the round figure level.
On the hourly charts, the market is trading above the moving averages and has closed near the day high.
While the nifty is at its ATH there is no resistance and the levels for the resistance are taken by the fibonacci levels.
Support :- 19930, 19865
Resistance :- 19200, 19310
Wait for the price action near the levels before entering the market.
The market were looking bullish from the very first minute and finally crossed the 20k level in the last hour of the trading session.
Nifty has travelled to 20 k levels from 19300 levels and now it can take a halt before crossing the level. It has formed a marubozu candle and has closed near the round figure level.
On the hourly charts, the market is trading above the moving averages and has closed near the day high.
While the nifty is at its ATH there is no resistance and the levels for the resistance are taken by the fibonacci levels.
Support :- 19930, 19865
Resistance :- 19200, 19310
Wait for the price action near the levels before entering the market.
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