nifty 10-01-2022
#NIFTY50
nifty has showing postive movementum since last 2 weeks , now structure in nifty daily timeframe also changed ,
based on last week movementum , 17700 has become the support and 17950 is the intermediate resistance .
if 17950 breaks we can see the run till 18200 for the short term .
But today intrday will be tricky , since mostly it will be in range of 17950 to 17700
I have attached daily timeframe as well as hourly timeframe chart for your reference
nifty has showing postive movementum since last 2 weeks , now structure in nifty daily timeframe also changed ,
based on last week movementum , 17700 has become the support and 17950 is the intermediate resistance .
if 17950 breaks we can see the run till 18200 for the short term .
But today intrday will be tricky , since mostly it will be in range of 17950 to 17700
I have attached daily timeframe as well as hourly timeframe chart for your reference
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