Nifty daily analysis for 30/08/22.
The market gave a gap down of 3% due to the U.S. Fed outcome.
Nifty opened below 20DMA and consolidated whole after an initial up move.
The market closed between the hourly 20 and 200 ema and remained in a range.
On 15 minute analysis, it took rejection from 20 ema and closed just below it.
Support:- 17280,17220,17100
Resistance:- 17380,17480,17600
Wait for the price action near the levels before entering the markets.
Nifty opened below 20DMA and consolidated whole after an initial up move.
The market closed between the hourly 20 and 200 ema and remained in a range.
On 15 minute analysis, it took rejection from 20 ema and closed just below it.
Support:- 17280,17220,17100
Resistance:- 17380,17480,17600
Wait for the price action near the levels before entering the markets.
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