NIFTY traded in the range of 23,070–24,260 during the month of June, closing 1.35% higher compared to May. Although geopolitical tensions have eased and crude oil prices have fallen, FII selling in equities continued in the domestic market. The EMA confluence zone of 24,000–24,400 across timeframes will be a key level to watch. On the upside, 25,100 will act as the first resistance level. On the downside, the previous swing low of 23,000 and then 22,800 will act as support levels.
Let me know your thoughts. DYOR.
Let me know your thoughts. DYOR.
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