NIFTY Global uncertainty has increased due to a fresh escalation between the US and Iran, which is expected to trigger market volatility. Consequently, markets may edge lower ahead of the weekend if the conflict intensifies further. However, any positive signals from either side before the closing bell could lift market sentiment.
The upward movement may lead to 24200 – 24250 resistance range and if the index crosses and sustains above this level then may reach near 24450 – 24500 range.
On the contrary, a downward moment may drag the Index to 23750 – 23700 support range in downward momentum and if this support is broken then index may tank near 23500 – 23450 range.
Trade closed: target reached
Gap up opening with low near 24120 and made high near 24230 with close near 24205.
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.