Finnifty weekly expiry analysis (13/06/23).
Finnifty on the daily time frame has been consolidating and forming confusion candles. It has taken support from the 20 ema and trading around 19400 levels.
Today being weekly expiry nice movement can be seen as the market has consolidated.
On the hourly chart, the market has been trading below the 20 EMA and can give 200 EMA as target. Markets are generally moving in the first hour or after 1 P.M.
On 15 minutes charts, the market has been forming a descending triangle. Its break out can give good movement.
Support :- 19390 ,19325
Resistance :- 19445, 19500
Watch for the daily 20 ema for a support as the market has consolidated and closed near the levels. If the support zone and the moving average is broken good bearish trade can be captured.
Wait for the price action near the price levels before entering the market.
Today being weekly expiry nice movement can be seen as the market has consolidated.
On the hourly chart, the market has been trading below the 20 EMA and can give 200 EMA as target. Markets are generally moving in the first hour or after 1 P.M.
On 15 minutes charts, the market has been forming a descending triangle. Its break out can give good movement.
Support :- 19390 ,19325
Resistance :- 19445, 19500
Watch for the daily 20 ema for a support as the market has consolidated and closed near the levels. If the support zone and the moving average is broken good bearish trade can be captured.
Wait for the price action near the price levels before entering the market.
