NIFTY Overall market sentiment is positive as a consensus emerges regarding the signing of the US-Iran deal. However, volatility expected on weekly Option expiry day and 24000-24100 is emerging as major resistance.
The upward movement may lead to 24050 – 24100 resistance range and if the index crosses and sustains above this level then may reach near 24300 – 24350 range.
On the contrary, a downward moment may drag the Index to 23650 – 23600 support range in downward momentum and if this support is broken then index may tank near 23400 – 23350 range.
Trade closed: target reached
Gap up opening with low near 23890 and further made high near 24000 with close near 23990.
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.