NIFTY Crude oil remains above USD 100 as the unresolved Middle East conflict hinders upward market momentum; any reduction in oil prices will likely lift market sentiment.
Index is near resistance and any downward movement may drag to 23450 – 23400 support range and if this support is broken then index may tank near 23100 – 23050 range.
On the contrary, upward movement may lead the Index to 23900 – 243950 resistance range and if the index crosses and sustains above this level then may reach near 24200 – 24250 range.
Trade closed: target reached
Gap up opening and made high near 23780 then dragged to low near 23585 with close near 23620.
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.