Nifty daily analysis for 01/06/22 (weekly expiry).
Nifty has fallen in the first half of the trading session and tried to recover some points in the second half.
Market on the daily chart has given a dragon fly doji and closed above 18500 levels.
The market on the hourly time frame, has formed doji after doji, showing upper wick rejection. The market has started trading below the 20 ema and continuously faced rejection from the moving average.
There was a gap filling trade and nifty has filled the gap completely and took support around the same level.
Support :- 18490, 18450
Resistance :- 18580, 18690
Wait for the price action near the levels before entering the market.
Market on the daily chart has given a dragon fly doji and closed above 18500 levels.
The market on the hourly time frame, has formed doji after doji, showing upper wick rejection. The market has started trading below the 20 ema and continuously faced rejection from the moving average.
There was a gap filling trade and nifty has filled the gap completely and took support around the same level.
Support :- 18490, 18450
Resistance :- 18580, 18690
Wait for the price action near the levels before entering the market.
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