NIFTY Index has support at 24000 and reversal from this level is expected as long as the support level is not broken.
The upward movement may lead to 24300 – 24350 resistance range and if the index crosses and sustains above this level then may reach near 24550 – 24600 range.
On the contrary, The downward moment may drag the Index to 23850 – 23800 support range in downward momentum and if this support is broken then index may tank near 23600 – 23550 range.
Trade closed: target reached
Gap up opening with low near 24185 and made high near 24265 with close near 24230.
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.