Nifty daily analysis for 30/06/23.
Nifty, finally, tested the 19k levels but couldn't sustain above it. After the gap up opening above 18900 it travelled and touched the higher levels.
The index was strong as compare to the other indices and closed near the higher levels.
On the hourly charts, there is a flag and pole pattern. As market consolidated in the second half of the trading session.
Market in the last two sessions has given a move of around 300 points. And market while moving upward has constantly giving gap up and momentum.
Support :- 18890, 18800
Resistance :- 19000
Nifty has also formed a new ATH and touched the round figure level. Market has given a nice bullish move and might take a halt near the higher levels.
Wait for the price action near the levels before entering the market.
The index was strong as compare to the other indices and closed near the higher levels.
On the hourly charts, there is a flag and pole pattern. As market consolidated in the second half of the trading session.
Market in the last two sessions has given a move of around 300 points. And market while moving upward has constantly giving gap up and momentum.
Support :- 18890, 18800
Resistance :- 19000
Nifty has also formed a new ATH and touched the round figure level. Market has given a nice bullish move and might take a halt near the higher levels.
Wait for the price action near the levels before entering the market.
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