Nifty has been forming gaps as there are gap up for last 2-3 trading sessions and is trading above both the daily moving averages.
On the hourly charts, the market seems to be consolidating in a range for last 2 days.
A break out can give a nice rally and nifty has more chances than the expiry index tomorrow.
Support :- 19330, 19270
Resistance ;- 19430, 19510
Wait for the market to give a break out or break down and watch for the price action near the level before entering the market.
On the hourly charts, the market seems to be consolidating in a range for last 2 days.
A break out can give a nice rally and nifty has more chances than the expiry index tomorrow.
Support :- 19330, 19270
Resistance ;- 19430, 19510
Wait for the market to give a break out or break down and watch for the price action near the level before entering the market.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.