As we discussed yesterday, Nifty took a pullback from 22000. It has shown a good bullish signal at this level.
If we look at the chart now:
The market is trading at 200 EMA (15 EMA) and 50 EMA (1 H - TF), which is going to provide resistance at this level. The market is trading in the accumulation phase. If it breaks this zone, then the next resistance is a higher trendline at 1D TF, which I shared yesterday.
Support levels: 21987, 21840
Resistance levels: 22400, 22615, 22775, 200 EMA
If we look at the chart now:
The market is trading at 200 EMA (15 EMA) and 50 EMA (1 H - TF), which is going to provide resistance at this level. The market is trading in the accumulation phase. If it breaks this zone, then the next resistance is a higher trendline at 1D TF, which I shared yesterday.
Support levels: 21987, 21840
Resistance levels: 22400, 22615, 22775, 200 EMA
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