CNXFINANCE Crude oil prices have eased but remain above USD 100. While this is positive for the stock market, indices are capped as investors await a decisive resolution to the West Asia conflict.
Index is near 25300 -25350 resistance and if index could not break and sustain above this then the index may drag to 25000 – 24950 support range and if this support is broken then index may tank near 24650 – 24600 range.
On the contrary, upward movement may lead the Index to 25600 - 25650 resistance range and if index crosses and sustains above this level then may reach near 25950 - 26000 range.
Trade closed: target reached
Gap up opening with high near 25540 then tank to low near 251250 with close near 25235.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.