NIFTY Index is above the 22800 - 22700 support range and this support range is expected to be respected if there is any downward movement. On the upside, current trend may lead the Index for another 400 - 500 points.
The upward movement may lead to 23250 – 23300 resistance range and if the index crosses and sustains above this level then may reach near 23500 – 23550 range.
On the contrary, The downward moment may drag the Index to 22850 – 22800 support range in downward momentum and if this support is broken then index may tank near 22600 – 22550 range.
Trade closed: target reached
Gap up opening and drag to low near 23205 then reversed again to close near high of 23440.
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.