NIFTY ANALYSIS 5 SEPT 2023

 

Nifty values for 5^th September 2023

 

Prev Day

High – 19545

Low – 19432

Close – 19528

DOJI FORMATION

Intraday Bullish possibilities:

Move above 19545 – next swing high – 19584-19600 – corresponds to 50% retr of the wave 19991 – 19223.

 

Intraday Bearish possibilities:

Break below channel – 19495 –

T1 – 19432 – prev day low

Hourly close below 19430 – will weaken further as week’s close is breached and a move below 19430 – SL -15 min close above 19440.

 

PRICE ACTION LEVELS TO WATCH:

19600

19545

19495

19430