CNXFINANCE Progress in diplomatic talks between the US and Iran has boosted global market sentiment, paving the path for an upward trend which is expected to continue. However, if these negotiations fail to materialise into a formal agreement, markets could experience a sharp reversal.
The upward movement may lead the Index to 26250 - 25300 resistance range and if the index crosses and sustains above this level then may reach near 26600 - 26650 range.
On the contrary, a downward moment may drag the to 25650 – 25600 support range and if this support too is broken then index may tank near 24300 – 24250 range.
Trade closed: target reached
Gap up opening and made high near 26515 then dagged to low near 26235 with close near 26275.
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.
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.