Nifty daily analysis for 02/06/23.
Nifty has closed below the round number figure of 18500. The market has given a nice fall in the second half of the trading session.
On the hourly time frame, nifty has started trading below 20 ema and has given a negative closing.
The market tried to sustain at the higher levels but couldn't hold long. Nifty still remained strong as compare to the finance sector.
On 15 minutes time frame, the market has tested the 200 ema and closed between both the moving averages.
Support :- 18440, 18280
Resistance :- 18580, 18690
Wait for the price action near the levels before entering the market.
On the hourly time frame, nifty has started trading below 20 ema and has given a negative closing.
The market tried to sustain at the higher levels but couldn't hold long. Nifty still remained strong as compare to the finance sector.
On 15 minutes time frame, the market has tested the 200 ema and closed between both the moving averages.
Support :- 18440, 18280
Resistance :- 18580, 18690
Wait for the price action near the levels before entering the market.
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