After 2 days of consolidation the nifty has given a break away gap above 18000.
The market has gained 130 points forming a doji candle on daily time frame and sustained above the levels.
Nifty has consolidated in a parallel channel whole day.
The market on the 15 minute time frame has respected its 20 ema and has closed above it.
Support :- 18060, 18030, 17990
Resistance :- 18090, 18140, 18250
The market are not giving any movement for the intraday trader. Its wise to remain calm until market given a clear indication of a nice movement.
Wait for the price action near the levels before entering the markets.
The market has gained 130 points forming a doji candle on daily time frame and sustained above the levels.
Nifty has consolidated in a parallel channel whole day.
The market on the 15 minute time frame has respected its 20 ema and has closed above it.
Support :- 18060, 18030, 17990
Resistance :- 18090, 18140, 18250
The market are not giving any movement for the intraday trader. Its wise to remain calm until market given a clear indication of a nice movement.
Wait for the price action near the levels before entering the markets.
