Nifty daily analysis for 23/09/22. for NSE:NIFTY by Mambotrade

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Nifty on the daily time frame has closed below the 20 ema and formed a doji on daily time frame. On the hourly time frame, the market has traded in between the moving averages and closed near the 200 ema .

The market on the daily fib levels has closed below 38.2%

A double top formation on the 15 minute was there and the market after a bearish moving average crossover has given nice targets.

Support :- 17590-600, 17485

Resistance :- 17710, 17780, 17830

Wait for the price action near the levels before entering the markets.

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