CNXFINANCE Market volatility will surge as global indices open lower due to escalating US-Iran tensions, the threatened closure of the Strait of Hormuz, and soaring crude prices. Any positive diplomatic news to de-escalate the conflict will sharply boost sentiment, whereas further escalation will deepen the sell-off.
The downward moment may drag the to 26550 – 26600 support range and if this support too is broken then index may tank near 26250 – 26200 range.
On the contrary, the upward movement may lead the Index to 27150 - 27200 resistance range and if the index crosses and sustains above this level then may reach near 27450 - 27500 range.
Trade closed: target reached
Gap down opening with low near 26550 then recovered to high near 26885 with close near 26835.
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
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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.