NIFTY traded in the range of 23800-24600 for the last week, losing 1.87% compared to the previous week. Given the uncertainty still persists wrt US-Iran war, and high crude oil prices, I expect market to trade in the range of 23800-24800(200DEMA) for this week. If there is any positive news on the war front, market can gain momentum to go towards 25000 levels. On the other hand, 23600 can act as good support level considering it as a last swing low.
Let me know your thoughts. DYOR
Let me know your thoughts. DYOR
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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.