CNXFINANCE The market is expected to open lower due to fresh escalations in the West Asia conflict; however, the finalisation and official announcement of a US-Iran deal could lift market sentiment at any time.
Upward movement may lead the Index to 26000 - 26050 resistance range and if index crosses and sustains above this level then may reach near 26300 - 26350 range which seems unlikely.
On the contrary, any downward moment, Index may drag to 25500 – 25450 support range and if this support too is broken then index may tank near 25200 – 25150 range.
Trade closed: target reached
Open flat with high near 25815 then tank to low near 25290 with close near 25355.
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.