Nifty daily analysis for 02/11/22
Nifty on the higher levels has formed a neutral dojo. Both the indices created confusion as they traded in different directions.
It’s has closed 130 points higher but still trading around the level of 18150.
On hourly time frame, the markets remained above 18k level and regained points in the second half after a sell off.
On 15 minute time frame, the market tested its 20 ema and after consolidating near the level there was a nice up move in last hour.
Support:- 18000-20, 18080, 17950
Resistance:- 18145, 18310
Wait for the price action near the levels before trading the markets.
It’s has closed 130 points higher but still trading around the level of 18150.
On hourly time frame, the markets remained above 18k level and regained points in the second half after a sell off.
On 15 minute time frame, the market tested its 20 ema and after consolidating near the level there was a nice up move in last hour.
Support:- 18000-20, 18080, 17950
Resistance:- 18145, 18310
Wait for the price action near the levels before trading the markets.
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